JPMorgan Chase & Co. lessened its position in Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR by 12.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 856,835 shares of the mining company's stock after selling 123,537 shares during the quarter. JPMorgan Chase & Co. owned 0.33% of Endeavour Silver worth $3,376,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company's stock worth $57,000 after buying an additional 8,389 shares during the period. Virtu Financial LLC purchased a new position in shares of Endeavour Silver during the third quarter worth approximately $80,000. Quantbot Technologies LP bought a new stake in shares of Endeavour Silver during the third quarter valued at approximately $100,000. Walleye Capital LLC purchased a new position in Endeavour Silver during the 3rd quarter worth $111,000. Finally, Choreo LLC bought a new stake in Endeavour Silver during the 2nd quarter valued at $122,000. 20.06% of the stock is owned by hedge funds and other institutional investors.
Endeavour Silver Stock Up 0.7 %
Shares of Endeavour Silver stock traded up $0.03 during trading on Friday, hitting $3.52. 8,235,735 shares of the company's stock were exchanged, compared to its average volume of 6,043,327. The business has a 50-day simple moving average of $4.02 and a 200-day simple moving average of $4.01. Endeavour Silver Corp. has a 52-week low of $1.42 and a 52-week high of $5.67. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20.
Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The firm had revenue of $53.40 million for the quarter, compared to analysts' expectations of $54.91 million. During the same quarter last year, the company earned ($0.04) EPS. The firm's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, equities research analysts forecast that Endeavour Silver Corp. will post -0.08 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a report on Wednesday, November 13th. StockNews.com raised Endeavour Silver to a "sell" rating in a research report on Tuesday, December 24th. TD Securities assumed coverage on Endeavour Silver in a research report on Friday, November 29th. They issued a "buy" rating for the company. HC Wainwright dropped their price objective on Endeavour Silver from $7.25 to $7.00 and set a "buy" rating on the stock in a research report on Friday, January 10th. Finally, Alliance Global Partners boosted their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $6.56.
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Endeavour Silver Profile
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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.
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