Counterpoint Mutual Funds LLC Makes New Investment in Endeavour Silver Corporation $EXK

Counterpoint Mutual Funds LLC acquired a new stake in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) during the first quarter, HoldingsChannel.com reports. The fund acquired 89,549 shares of the mining company’s stock, valued at approximately $834,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in shares of Endeavour Silver by 389.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after purchasing an additional 3,647 shares during the last quarter. Signaturefd LLC purchased a new position in Endeavour Silver in the fourth quarter valued at $47,000. Swiss Life Asset Management Ltd purchased a new position in Endeavour Silver in the third quarter valued at $92,000. Greenberg Financial Group purchased a new position in Endeavour Silver in the fourth quarter valued at $94,000. Finally, Renaissance Technologies LLC acquired a new stake in Endeavour Silver in the fourth quarter valued at $96,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen raised Endeavour Silver from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a report on Monday, April 20th. Zacks Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, HC Wainwright restated a “buy” rating and set a $17.00 target price on shares of Endeavour Silver in a research note on Thursday, May 7th. One research 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.50.

Endeavour Silver Trading Down 0.1%

Shares of Endeavour Silver stock opened at $8.55 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $9.12 and a 200-day simple moving average of $10.20. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -106.87 and a beta of 1.33. Endeavour Silver Corporation has a 12-month low of $4.75 and a 12-month high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.10 by $0.11. Endeavour Silver had a negative net margin of 3.68% and a positive return on equity of 9.33%. The firm had revenue of $209.70 million for the quarter, compared to analyst estimates of $200.41 million. On average, equities analysts forecast that Endeavour Silver Corporation will post 0.63 EPS for the current fiscal 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.