Balyasny Asset Management L.P. Purchases New Shares in Endeavour Silver Corp. (NYSE:EXK)

Balyasny Asset Management L.P. purchased a new stake in Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 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 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Barclays PLC lifted its position in Endeavour Silver by 1,730,033.3% during the third quarter. Barclays PLC now owns 51,904 shares of the mining company's stock valued at $205,000 after buying an additional 51,901 shares during the period. Alpha Cubed Investments LLC purchased a new position in Endeavour Silver during the fourth quarter valued at $37,000. Perissos Private Wealth Management LLC lifted its position in Endeavour Silver by 187.0% during the fourth quarter. Perissos Private Wealth Management LLC now owns 100,455 shares of the mining company's stock valued at $368,000 after buying an additional 65,455 shares during the period. CIBC Asset Management Inc purchased a new position in Endeavour Silver during the fourth quarter valued at $119,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Endeavour Silver during the fourth quarter valued at $203,000. Institutional investors own 20.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. HC Wainwright reissued a "buy" rating and set a $7.25 price objective on shares of Endeavour Silver in a research report on Wednesday. TD Securities raised Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. StockNews.com raised Endeavour Silver to a "sell" rating in a research report on Wednesday. Alliance Global Partners reaffirmed a "buy" rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. Finally, Raymond James initiated coverage on Endeavour Silver in a research report on Friday, March 21st. They issued an "outperform" rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $6.63.

Endeavour Silver Trading Down 4.2%

EXK stock opened at $3.22 on Thursday. Endeavour Silver Corp. has a 1-year low of $2.46 and a 1-year high of $5.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The company has a market capitalization of $887.00 million, a price-to-earnings ratio of -24.77 and a beta of 1.50. The business has a 50 day simple moving average of $3.91 and a two-hundred day simple moving average of $4.01.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last issued its quarterly earnings data 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 analysts' expectations of $83.10 million. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. Research analysts anticipate that Endeavour Silver Corp. will post -0.07 EPS for the current fiscal year.

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.

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