Renaissance Technologies LLC Raises Stake in Endeavour Silver Corporation (EXK)

Renaissance Technologies LLC increased its stake in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 0.5% during the first quarter, Holdings Channel reports. The institutional investor owned 5,476,800 shares of the mining company’s stock after buying an additional 29,500 shares during the period. Renaissance Technologies LLC’s holdings in Endeavour Silver Corporation were worth $17,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of Endeavour Silver Corporation by 32.5% in the first quarter. Van ECK Associates Corp now owns 20,341,055 shares of the mining company’s stock valued at $64,685,000 after buying an additional 4,989,578 shares during the period. Global X Management Co. LLC raised its position in shares of Endeavour Silver Corporation by 15.2% in the first quarter. Global X Management Co. LLC now owns 1,510,720 shares of the mining company’s stock valued at $4,804,000 after buying an additional 199,276 shares during the period. UBS Group AG raised its position in shares of Endeavour Silver Corporation by 16.0% in the first quarter. UBS Group AG now owns 742,981 shares of the mining company’s stock valued at $2,363,000 after buying an additional 102,656 shares during the period. Sprott Inc. raised its position in shares of Endeavour Silver Corporation by 18.6% in the first quarter. Sprott Inc. now owns 500,759 shares of the mining company’s stock valued at $1,592,000 after buying an additional 78,436 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Endeavour Silver Corporation by 912.4% in the first quarter. Bank of Montreal Can now owns 112,460 shares of the mining company’s stock valued at $358,000 after buying an additional 101,352 shares during the period. Hedge funds and other institutional investors own 30.73% of the company’s stock.

Shares of Endeavour Silver Corporation (NYSE:EXK) opened at 2.80 on Monday. The company has a market capitalization of $356.45 million, a P/E ratio of 44.44 and a beta of -0.01. The company’s 50 day moving average is $3.04 and its 200 day moving average is $3.50. Endeavour Silver Corporation has a 12-month low of $2.75 and a 12-month high of $5.95.

Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Wednesday, May 3rd. The mining company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. Endeavour Silver Corporation had a net margin of 5.35% and a return on equity of 6.33%. The firm had revenue of $36.44 million during the quarter, compared to analysts’ expectations of $36.31 million. Analysts expect that Endeavour Silver Corporation will post $0.12 earnings per share for the current fiscal year.

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Several brokerages have recently commented on EXK. HC Wainwright restated a “buy” rating and set a $6.00 price target on shares of Endeavour Silver Corporation in a research note on Tuesday, July 4th. BidaskClub downgraded shares of Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a report on Thursday. Noble Financial reaffirmed a “buy” rating on shares of Endeavour Silver Corporation in a report on Saturday, May 13th. Zacks Investment Research raised shares of Endeavour Silver Corporation from a “hold” rating to a “strong-buy” rating and set a $3.50 price objective for the company in a report on Tuesday, July 4th. Finally, ValuEngine downgraded shares of Endeavour Silver Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $5.75.

Endeavour Silver Corporation Company Profile

Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.

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Institutional Ownership by Quarter for Endeavour Silver Corporation (NYSE:EXK)

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