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Is Endeavour Silver Corp. (CAN) (EXK) A Good Stock To Buy?

Legendary investors such as Leon Cooperman and Seth Klarman earn enormous amounts of money for themselves and their investors by doing in-depth research on small-cap stocks that big brokerage houses don’t publish. Small cap stocks -especially when they are screened well- can generate substantial outperformance versus a boring index fund. That’s why we analyze the activity of those elite funds in these small-cap stocks. In the following paragraphs, we analyze Endeavour Silver Corp. (CAN) (NYSE:EXK) from the perspective of those elite funds.

Endeavour Silver Corp. (CAN) (NYSE:EXK) investors should pay attention to a decrease in hedge fund interest of late. EXK was in 4 hedge funds’ portfolios at the end of the third quarter of 2015. There were 7 hedge funds in our database with EXK positions at the end of the previous quarter. At the end of this article we will also compare EXK to other stocks including Cytosorbents Corp (NASDAQ:CTSO), CytRx Corporation (NASDAQ:CYTR), and Skullcandy Inc (NASDAQ:SKUL) to get a better sense of its popularity.

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Now, we’re going to view the key action surrounding Endeavour Silver Corp. (CAN) (NYSE:EXK).

How are hedge funds trading Endeavour Silver Corp. (CAN) (NYSE:EXK)?

Heading into Q4, a total of 4 of the hedge funds tracked by Insider Monkey were bullish in this stock, a change of -43% from one quarter earlier. With the smart money’s sentiment swirling, there exists a few noteworthy hedge fund managers who were increasing their holdings meaningfully (or already accumulated large positions).

According to Insider Monkey’s hedge fund database, Jim Simons’s Renaissance Technologies had the number one position in Endeavour Silver Corp. (CAN) (NYSE:EXK), worth close to $1.7 million, corresponding to less than 0.1%% of its total 13F portfolio. On Renaissance Technologies’s heels is Royce & Associates, managed by Chuck Royce, which held a $1.3 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Remaining hedge funds that hold long positions encompass Israel Englander’s Millennium Management, and Ken Griffin’s Citadel Investment Group.