American Century Companies Inc. Boosts Stock Position in Endeavour Silver Corporation $EXK

American Century Companies Inc. boosted its holdings in shares of Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) by 12.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,999,992 shares of the mining company’s stock after purchasing an additional 342,419 shares during the quarter. American Century Companies Inc. owned approximately 1.09% of Endeavour Silver worth $12,810,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in Endeavour Silver by 82.4% during the 4th quarter. Renaissance Technologies LLC now owns 185,100 shares of the mining company’s stock valued at $677,000 after acquiring an additional 83,600 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Endeavour Silver during the fourth quarter worth $321,000. Marshall Wace LLP acquired a new stake in shares of Endeavour Silver during the fourth quarter worth $175,000. Dimensional Fund Advisors LP raised its position in shares of Endeavour Silver by 27.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,168,850 shares of the mining company’s stock worth $4,277,000 after purchasing an additional 253,595 shares during the period. Finally, Two Sigma Securities LLC purchased a new position in shares of Endeavour Silver during the fourth quarter valued at $85,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. National Bankshares reiterated an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Wall Street Zen upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Sunday, August 17th. CIBC boosted their price objective on Endeavour Silver from $7.25 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Friday, May 23rd. Finally, National Bank Financial raised Endeavour Silver to a “strong-buy” rating in a report on Thursday, June 12th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Endeavour Silver has an average rating of “Buy” and a consensus target price of $8.33.

Endeavour Silver Stock Up 0.2%

Shares of EXK opened at $5.76 on Tuesday. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -21.33 and a beta of 1.23. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.93. The business’s fifty day moving average price is $5.32 and its two-hundred day moving average price is $4.42. Endeavour Silver Corporation has a 52 week low of $2.76 and a 52 week high of $6.04.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Wednesday, August 13th. The mining company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The company had revenue of $85.30 million during the quarter, compared to analyst estimates of $81.48 million. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. On average, analysts predict that Endeavour Silver Corporation will post -0.07 earnings per share for the current year.

About Endeavour Silver

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.