Squarepoint Ops LLC Decreases Stock Position in Endeavour Silver Corp. (NYSE:EXK)

Squarepoint Ops LLC cut its stake in Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR by 32.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,793 shares of the mining company's stock after selling 114,031 shares during the period. Squarepoint Ops LLC owned approximately 0.09% of Endeavour Silver worth $878,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tidal Investments LLC grew its position in Endeavour Silver by 52.9% during the 4th quarter. Tidal Investments LLC now owns 11,178,812 shares of the mining company's stock worth $40,914,000 after acquiring an additional 3,869,920 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Endeavour Silver by 122.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company's stock worth $23,858,000 after acquiring an additional 3,581,936 shares during the last quarter. Millennium Management LLC bought a new stake in Endeavour Silver during the 4th quarter worth $7,930,000. American Century Companies Inc. grew its position in 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 worth $9,728,000 after acquiring an additional 1,937,150 shares during the last quarter. Finally, Invesco Ltd. grew its position in Endeavour Silver by 529.5% during the 4th quarter. Invesco Ltd. now owns 2,116,652 shares of the mining company's stock worth $7,747,000 after acquiring an additional 1,780,405 shares during the last quarter. Institutional investors own 20.06% of the company's stock.

Endeavour Silver Trading Up 7.7%

Shares of Endeavour Silver stock traded up $0.33 on Thursday, hitting $4.56. 34,761,055 shares of the company's stock traded hands, compared to its average volume of 8,265,632. Endeavour Silver Corp. has a one year low of $2.46 and a one 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 fifty day moving average of $3.62 and a two-hundred day moving average of $3.89. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -35.04 and a beta of 1.50.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. TD Securities upgraded Endeavour Silver to a "strong-buy" rating in a research report on Monday, March 10th. Ventum Cap Mkts upgraded Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Alliance Global Partners reiterated a "buy" rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. HC Wainwright reiterated a "buy" rating and issued a $7.25 price target on shares of Endeavour Silver in a research report on Wednesday, May 14th. Finally, Raymond James assumed coverage on Endeavour Silver in a research report on Friday, March 21st. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.