JPMorgan Chase & Co. Has $3.38 Million Stake in Endeavour Silver Corp. (NYSE:EXK)

JPMorgan Chase & Co. reduced its position in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 12.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 856,835 shares of the mining company’s stock after selling 123,537 shares during the period. JPMorgan Chase & Co. owned about 0.33% of Endeavour Silver worth $3,376,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Choreo LLC acquired a new position in Endeavour Silver during the second quarter worth $122,000. American Century Companies Inc. bought a new stake in Endeavour Silver during the 2nd quarter worth about $589,000. XTX Topco Ltd boosted its stake in shares of Endeavour Silver by 768.2% during the 2nd quarter. XTX Topco Ltd now owns 100,911 shares of the mining company’s stock worth $355,000 after buying an additional 89,288 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Endeavour Silver in the 2nd quarter valued at about $314,000. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of Endeavour Silver by 53.8% in the second quarter. B. Riley Wealth Advisors Inc. now owns 118,100 shares of the mining company’s stock valued at $416,000 after acquiring an additional 41,300 shares during the last quarter. 20.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EXK has been the topic of a number of recent analyst reports. HC Wainwright lowered their target price on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating on the stock in a report on Friday, January 10th. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Tuesday, December 24th. Alliance Global Partners raised their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. TD Securities started coverage on Endeavour Silver in a research note on Friday, November 29th. They issued a “buy” rating on the stock. Finally, Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Endeavour Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.56.

Endeavour Silver Stock Up 0.7 %

EXK stock opened at $3.52 on Friday. The company has a market cap of $922.05 million, a PE ratio of -27.04 and a beta of 1.64. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. Endeavour Silver Corp. has a 52 week low of $1.42 and a 52 week high of $5.67. The business has a 50-day simple moving average of $4.02 and a 200 day simple moving average of $4.01.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The firm had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. During the same period in the prior year, the company earned ($0.04) earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Sell-side analysts anticipate that Endeavour Silver Corp. will post -0.08 EPS for the current fiscal 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.