Geode Capital Management LLC Acquires 10,543 Shares of Endeavour Silver Corp. (NYSE:EXK)

Geode Capital Management LLC raised its stake in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 9.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,853 shares of the mining company’s stock after purchasing an additional 10,543 shares during the period. Geode Capital Management LLC’s holdings in Endeavour Silver were worth $460,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EXK. Blue Trust Inc. increased its position in shares of Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after buying an additional 8,389 shares during the period. Rathbones Group PLC grew its holdings in Endeavour Silver by 58.8% during the 2nd quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock worth $81,000 after acquiring an additional 8,500 shares during the period. Quantbot Technologies LP bought a new position in shares of Endeavour Silver in the 3rd quarter worth about $100,000. Walleye Capital LLC bought a new position in shares of Endeavour Silver in the 3rd quarter worth about $111,000. Finally, Choreo LLC acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at about $122,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on EXK. HC Wainwright lowered their target price on Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a report on Friday. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Tuesday, December 24th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. TD Securities began coverage on shares of Endeavour Silver in a research note on Friday, November 29th. They set a “buy” rating on the stock. Finally, Alliance Global Partners lifted their price target on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Endeavour Silver has an average rating of “Moderate Buy” and a consensus target price of $6.56.

Endeavour Silver Price Performance

Shares of NYSE:EXK opened at $3.55 on Monday. The stock’s 50 day moving average is $4.15 and its 200-day moving average is $4.01. Endeavour Silver Corp. has a twelve month low of $1.42 and a twelve month high of $5.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $931.25 million, a price-to-earnings ratio of -27.31 and a beta of 1.64.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. The firm had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Sell-side analysts forecast that Endeavour Silver Corp. will post -0.08 EPS for the current fiscal year.

Endeavour Silver Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.