Castle Hook Partners LP Acquires Shares of 700,000 Endeavour Silver Corp. (NYSE:EXK)

Castle Hook Partners LP purchased a new stake in Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 700,000 shares of the mining company's stock, valued at approximately $2,562,000. Castle Hook Partners LP owned about 0.27% of Endeavour Silver as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Endeavour Silver by 122.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock valued at $23,858,000 after purchasing an additional 3,581,936 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Endeavour Silver by 268.9% during the 4th quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company's stock valued at $9,728,000 after buying an additional 1,937,150 shares in the last quarter. Invesco Ltd. grew its stake in Endeavour Silver by 529.5% in the 4th quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company's stock valued at $7,747,000 after acquiring an additional 1,780,405 shares during the period. Tudor Investment Corp ET AL increased its holdings in Endeavour Silver by 781.2% in the 4th quarter. Tudor Investment Corp ET AL now owns 861,319 shares of the mining company's stock worth $3,152,000 after acquiring an additional 763,575 shares in the last quarter. Finally, CenterBook Partners LP acquired a new position in Endeavour Silver during the fourth quarter worth $2,401,000. 20.06% of the stock is owned by institutional investors and hedge funds.

Endeavour Silver Trading Up 6.3 %

EXK stock traded up $0.21 during mid-day trading on Friday, hitting $3.57. 12,335,428 shares of the company were exchanged, compared to its average volume of 7,584,433. Endeavour Silver Corp. has a 12-month low of $2.46 and a 12-month high of $5.67. The firm has a market capitalization of $982.50 million, a P/E ratio of -27.46 and a beta of 1.50. The business has a fifty day simple moving average of $3.95 and a 200-day simple moving average of $4.04. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its earnings results on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $42.20 million during the quarter, compared to the consensus estimate of $69.90 million. On average, equities research analysts predict that Endeavour Silver Corp. will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on EXK shares. HC Wainwright restated a "buy" rating and issued a $7.25 price objective on shares of Endeavour Silver in a report on Thursday, April 10th. Raymond James assumed coverage on Endeavour Silver in a report on Friday, March 21st. They set an "outperform" rating on the stock. Alliance Global Partners reaffirmed a "buy" rating on shares of Endeavour Silver in a report on Wednesday, March 12th. TD Securities raised Endeavour Silver to a "strong-buy" rating in a research note on Monday, March 10th. Finally, StockNews.com raised Endeavour Silver to a "sell" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $6.63.

Endeavour Silver Company 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.