Balyasny Asset Management L.P. Buys Shares of 224,077 Endeavour Silver Corp. (NYSE:EXK)

Balyasny Asset Management L.P. acquired a new position in shares of Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 224,077 shares of the mining company's stock, valued at approximately $820,000. Balyasny Asset Management L.P. owned approximately 0.09% of Endeavour Silver at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXK. Schroder Investment Management Group acquired a new stake in Endeavour Silver during the fourth quarter worth approximately $36,000. Alpha Cubed Investments LLC acquired a new stake in Endeavour Silver during the fourth quarter worth approximately $37,000. Farringdon Capital Ltd. acquired a new stake in Endeavour Silver during the fourth quarter worth approximately $55,000. Oxford Asset Management LLP acquired a new stake in Endeavour Silver during the fourth quarter worth approximately $57,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Endeavour Silver during the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 20.06% of the company's stock.

Wall Street Analysts Forecast Growth

EXK has been the topic of a number of recent research reports. StockNews.com raised shares of Endeavour Silver to a "sell" rating in a report on Wednesday, May 14th. Alliance Global Partners reaffirmed a "buy" rating on shares of Endeavour Silver in a report on Wednesday, March 12th. TD Securities raised shares of Endeavour Silver to a "strong-buy" rating in a report on Monday, March 10th. Raymond James initiated coverage on shares of Endeavour Silver in a report on Friday, March 21st. They issued an "outperform" rating on the stock. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $7.25 target price on shares of Endeavour Silver in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Endeavour Silver has a consensus rating of "Moderate Buy" and a consensus price target of $6.63.

Endeavour Silver Price Performance

Shares of NYSE:EXK traded up $0.05 during midday trading on Tuesday, hitting $3.38. 2,574,913 shares of the stock were exchanged, compared to its average volume of 7,714,528. The stock has a market cap of $977.20 million, a P/E ratio of -25.88 and a beta of 1.50. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. Endeavour Silver Corp. has a twelve month low of $2.46 and a twelve month high of $5.67. The company has a 50 day moving average price of $3.85 and a 200-day moving average price of $3.95.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.16). The firm had revenue of $63.50 million for the quarter, compared to analyst estimates of $83.10 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. On average, research analysts forecast that Endeavour Silver Corp. will post -0.07 earnings per share for the current 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.