American Century Companies Inc. Sells 434,286 Shares of Endeavour Silver Corporation $EXK

Key Points

• American Century Companies reduced its stake in Endeavour Silver by 15.4% in Q3, selling 434,286 shares and ending the quarter with 2,389,165 shares (0.81% of the company) valued at $18.73 million.
• Other institutional activity was notable: Vanguard increased its holding by 1,631.7% to 4,305,383 shares and Alps Advisors grew theirs by 113.9% to 4,459,831 shares, with institutional investors now owning about 20.06% of EXK.
• Endeavour recently missed quarterly estimates (EPS $0.02 vs. $0.03 expected; revenue $172.6M vs. $228M expected), has negative margins and a negative PE, but carries a consensus analyst rating of "Moderate Buy" with an average target of $14.50.

American Century Companies Inc. lessened its stake in Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 15.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,389,165 shares of the mining company's stock after selling 434,286 shares during the period. American Century Companies Inc. owned 0.81% of Endeavour Silver worth $18,731,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EXK. Jupiter Asset Management Ltd. raised its stake in shares of Endeavour Silver by 2.2% during the second quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company's stock worth $51,916,000 after buying an additional 223,457 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Endeavour Silver by 19.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,896,829 shares of the mining company's stock worth $38,852,000 after acquiring an additional 1,274,094 shares during the last quarter. Alps Advisors Inc. grew its holdings in Endeavour Silver by 113.9% during the third quarter. Alps Advisors Inc. now owns 4,459,831 shares of the mining company's stock valued at $34,965,000 after purchasing an additional 2,374,365 shares during the period. Vanguard Group Inc. grew its holdings in Endeavour Silver by 1,631.7% during the third quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company's stock valued at $33,720,000 after purchasing an additional 4,056,768 shares during the period. Finally, Millennium Management LLC increased its stake in Endeavour Silver by 13.3% in the first quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company's stock valued at $10,483,000 after purchasing an additional 289,096 shares in the last quarter. Institutional investors and hedge funds own 20.06% of the company's stock.

Endeavour Silver Price Performance

NYSE EXK opened at $11.56 on Wednesday. The firm's 50 day moving average is $11.81 and its 200-day moving average is $9.29. The company has a quick ratio of 1.30, a current ratio of 1.53 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $3.42 billion, a PE ratio of -27.51 and a beta of 1.16. Endeavour Silver Corporation has a 12-month low of $2.95 and a 12-month high of $15.15.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last released its earnings results on Friday, February 27th. The mining company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). The business had revenue of $172.60 million during the quarter, compared to the consensus estimate of $227.99 million. Endeavour Silver had a negative net margin of 27.52% and a negative return on equity of 1.29%. Equities research analysts anticipate that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXK. Weiss Ratings reissued a "sell (d-)" rating on shares of Endeavour Silver in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, February 4th. Alliance Global Partners reiterated a "buy" rating on shares of Endeavour Silver in a report on Friday, January 9th. Zacks Research raised Endeavour Silver from a "strong sell" rating to a "hold" rating in a research note on Monday, January 12th. Finally, HC Wainwright increased their price target on Endeavour Silver from $14.50 to $17.00 and gave the stock a "buy" rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $14.50.

Endeavour Silver Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver's core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.

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