Cubist Systematic Strategies LLC Invests $916,000 in Endeavour Silver Corp. (NYSE:EXK)

Cubist Systematic Strategies LLC purchased a new position in Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 250,136 shares of the mining company’s stock, valued at approximately $916,000. Cubist Systematic Strategies LLC owned approximately 0.10% of Endeavour Silver at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Alpha Cubed Investments LLC acquired a new position in Endeavour Silver during the 4th quarter valued at about $37,000. Schroder Investment Management Group acquired a new position in Endeavour Silver during the 4th quarter valued at about $36,000. Farringdon Capital Ltd. acquired a new position in Endeavour Silver during the 4th quarter valued at about $55,000. Oxford Asset Management LLP acquired a new position in Endeavour Silver during the 4th quarter valued at about $57,000. Finally, SBI Securities Co. Ltd. acquired a new position in Endeavour Silver during the 4th quarter valued at about $73,000. 20.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on EXK. Alliance Global Partners reiterated a “buy” rating on shares of Endeavour Silver in a research note on Wednesday, March 12th. Raymond James began coverage on Endeavour Silver in a research note on Friday, March 21st. They set an “outperform” rating on the stock. HC Wainwright reiterated a “buy” rating and set a $7.25 price target on shares of Endeavour Silver in a research note on Wednesday. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Wednesday. Finally, TD Securities upgraded Endeavour Silver to a “strong-buy” rating in a research note on Monday, March 10th. One investment 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, the stock has an average rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Stock Down 4.2%

Shares of EXK opened at $3.22 on Thursday. Endeavour Silver Corp. has a 52 week low of $2.46 and a 52 week high of $5.67. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. 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 stock’s 50-day moving average price is $3.91 and its 200-day moving average price is $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its 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 analysts’ expectations of $83.10 million. On average, sell-side analysts predict that Endeavour Silver Corp. will post -0.07 EPS for the current year.

Endeavour Silver 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.