BW Gestao de Investimentos Ltda. Acquires New Holdings in Endeavour Silver Corporation $EXK

BW Gestao de Investimentos Ltda. purchased a new position in Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 684,629 shares of the mining company’s stock, valued at approximately $6,436,000. BW Gestao de Investimentos Ltda. owned approximately 0.23% of Endeavour Silver at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EXK. Quarry LP grew its position in Endeavour Silver by 2.0% during the 3rd quarter. Quarry LP now owns 74,258 shares of the mining company’s stock valued at $582,000 after purchasing an additional 1,490 shares during the last quarter. Aire Advisors LLC grew its position in Endeavour Silver by 5.2% during the 3rd quarter. Aire Advisors LLC now owns 31,547 shares of the mining company’s stock valued at $247,000 after purchasing an additional 1,547 shares during the last quarter. Swiss Life Asset Management Ltd grew its position in Endeavour Silver by 15.6% during the 4th quarter. Swiss Life Asset Management Ltd now owns 13,598 shares of the mining company’s stock valued at $128,000 after purchasing an additional 1,836 shares during the last quarter. Hohimer Wealth Management LLC grew its position in Endeavour Silver by 16.6% during the 3rd quarter. Hohimer Wealth Management LLC now owns 14,415 shares of the mining company’s stock valued at $113,000 after purchasing an additional 2,050 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Endeavour Silver by 3.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 76,315 shares of the mining company’s stock valued at $598,000 after purchasing an additional 2,664 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXK has been the topic of several recent analyst reports. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Endeavour Silver from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research note on Monday, April 20th. 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. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Endeavour Silver in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.50.

Endeavour Silver Stock Performance

EXK opened at $9.82 on Wednesday. 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 market cap of $2.91 billion, a price-to-earnings ratio of -122.78 and a beta of 1.28. The company’s 50 day moving average is $9.56 and its 200 day moving average is $10.20. Endeavour Silver Corporation has a 12-month low of $3.85 and a 12-month high of $15.15.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Wednesday, May 6th. The mining company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $200.41 million. On average, equities research analysts predict that Endeavour Silver Corporation will post 0.63 EPS 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.