JPMorgan Chase & Co. Decreases Stake in Endeavour Silver Corp. (NYSE:EXK)

JPMorgan Chase & Co. trimmed its holdings in shares of Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) by 60.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 343,011 shares of the mining company’s stock after selling 513,824 shares during the quarter. JPMorgan Chase & Co. owned 0.13% of Endeavour Silver worth $1,255,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Endeavour Silver by 122.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,515,836 shares of the mining company’s stock worth $23,858,000 after acquiring an additional 3,581,936 shares in the last quarter. American Century Companies Inc. grew its stake in Endeavour Silver by 268.9% in the fourth quarter. American Century Companies Inc. now owns 2,657,573 shares of the mining company’s stock worth $9,728,000 after purchasing an additional 1,937,150 shares in the last quarter. Quantbot Technologies LP grew its stake in Endeavour Silver by 1,407.0% in the fourth quarter. Quantbot Technologies LP now owns 383,014 shares of the mining company’s stock worth $1,402,000 after purchasing an additional 357,599 shares in the last quarter. Sprott Inc. increased its holdings in Endeavour Silver by 23.1% in the fourth quarter. Sprott Inc. now owns 1,586,302 shares of the mining company’s stock valued at $5,809,000 after buying an additional 298,091 shares during the last quarter. Finally, Vestcor Inc acquired a new stake in Endeavour Silver during the fourth quarter valued at approximately $549,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXK. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research report on Friday, February 28th. TD Securities raised shares of Endeavour Silver to a “strong-buy” rating in a report on Monday, March 10th. Raymond James started coverage on shares of Endeavour Silver in a report on Friday, March 21st. They set an “outperform” rating on the stock. HC Wainwright restated a “buy” rating and issued a $7.25 price target on shares of Endeavour Silver in a research report on Thursday, April 10th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Endeavour Silver has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Price Performance

Shares of NYSE EXK opened at $3.63 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. The firm has a market capitalization of $999.01 million, a PE ratio of -27.92 and a beta of 1.47. Endeavour Silver Corp. has a 1-year low of $2.46 and a 1-year high of $5.67. The business’s fifty day moving average price is $4.00 and its two-hundred day moving average price is $4.12.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Tuesday, March 11th. The mining company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The business had revenue of $42.20 million for the quarter, compared to analysts’ expectations of $69.90 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. On average, research analysts expect 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.