PEAK6 LLC Makes New Investment in Endeavour Silver Corporation $EXK

Key Points

• PEAK6 LLC acquired 216,696 shares of Endeavour Silver in the second quarter, worth approximately $1.8 million and representing 0.07% of the company.
• Institutional interest increased, with several hedge funds and investment managers adding shares; institutional investors collectively own 20.06% of Endeavour Silver.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $14.50, while the company recently met quarterly EPS expectations and slightly exceeded revenue estimates.

PEAK6 LLC bought a new stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 216,696 shares of the mining company's stock, valued at approximately $1,794,000. PEAK6 LLC owned 0.07% of Endeavour Silver as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Endeavour Silver by 1,631.7% in the third quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company's stock valued at $33,720,000 after acquiring an additional 4,056,768 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Endeavour Silver by 38.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company's stock worth $85,474,000 after purchasing an additional 3,005,563 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Endeavour Silver during the 3rd quarter worth approximately $20,225,000. Condire Management LP grew its position in shares of Endeavour Silver by 200.0% during the third quarter. Condire Management LP now owns 3,000,000 shares of the mining company's stock worth $23,520,000 after acquiring an additional 2,000,000 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Endeavour Silver by 18,554.9% in the first quarter. Renaissance Technologies LLC now owns 1,902,800 shares of the mining company's stock valued at $17,715,000 after purchasing an additional 1,892,600 shares during the period. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EXK shares. HC Wainwright reaffirmed a "buy" rating and set a $17.00 price objective on shares of Endeavour Silver in a research report on Thursday, July 9th. Zacks Research raised Endeavour Silver from a "strong sell" rating to a "hold" rating in a report on Thursday, April 30th. Wall Street Zen cut Endeavour Silver from a "buy" rating to a "hold" rating in a research note on Saturday, July 18th. B. Riley Financial started coverage on Endeavour Silver in a report on Monday, August 3rd. They set a "buy" rating and a $14.00 price target for the company. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Endeavour Silver in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Endeavour Silver currently has an average rating of "Moderate Buy" and an average target price of $14.50.

Endeavour Silver Price Performance

Shares of NYSE:EXK opened at $10.63 on Monday. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.15 billion, a P/E ratio of 50.62 and a beta of 1.35. Endeavour Silver Corporation has a 52 week low of $5.52 and a 52 week high of $15.15. The company has a 50-day moving average price of $8.66 and a 200 day moving average price of $9.67.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its earnings results on Wednesday, July 29th. The mining company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $212.10 million for the quarter, compared to analysts' expectations of $210.79 million. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. Research analysts predict that Endeavour Silver Corporation will post 0.68 earnings per share for the current year.

About Endeavour Silver

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver's core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.

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