Endeavour Silver Corporation (NYSE:EXK) Shares Sold by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. reduced its stake in Endeavour Silver Corporation by 4.2% during the first quarter, holding approximately 10.3 million shares worth $44.1 million.
• Endeavour Silver reported a disappointing quarterly earnings result with an EPS of ($0.13), missing analysts' expectations of $0.03, and revenue of $63.5 million falling short of the projected $83.1 million.
• Analysts are optimistic about Endeavour Silver with several firms raising their price targets, including CIBC's increase from $7.25 to $10.00 and National Bank Financial designating it as a "strong-buy."

Jupiter Asset Management Ltd. lowered its position in shares of Endeavour Silver Corporation (NYSE:EXK - Free Report) TSE: EDR by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,333,654 shares of the mining company's stock after selling 458,415 shares during the period. Jupiter Asset Management Ltd. owned about 3.75% of Endeavour Silver worth $44,085,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Alberta Investment Management Corp purchased a new stake in shares of Endeavour Silver in the 1st quarter worth about $576,000. LPL Financial LLC lifted its position in shares of Endeavour Silver by 129.7% in the 1st quarter. LPL Financial LLC now owns 648,822 shares of the mining company's stock worth $2,770,000 after purchasing an additional 366,302 shares during the period. TD Asset Management Inc lifted its position in shares of Endeavour Silver by 12.1% in the 1st quarter. TD Asset Management Inc now owns 3,718,933 shares of the mining company's stock worth $15,865,000 after purchasing an additional 401,394 shares during the period. Hohimer Wealth Management LLC increased its stake in shares of Endeavour Silver by 28.9% in the 1st quarter. Hohimer Wealth Management LLC now owns 13,015 shares of the mining company's stock worth $56,000 after acquiring an additional 2,915 shares in the last quarter. Finally, Alps Advisors Inc. increased its stake in Endeavour Silver by 599.6% during the 1st quarter. Alps Advisors Inc. now owns 757,522 shares of the mining company's stock valued at $3,235,000 after purchasing an additional 649,246 shares in the last quarter. Hedge funds and other institutional investors own 20.06% of the company's stock.

Endeavour Silver Stock Performance

NYSE:EXK traded down $0.05 during midday trading on Wednesday, hitting $5.22. The company's stock had a trading volume of 4,549,089 shares, compared to its average volume of 11,799,729. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.14 and a quick ratio of 0.77. Endeavour Silver Corporation has a fifty-two week low of $2.46 and a fifty-two week high of $6.04. The firm's 50 day moving average is $5.00 and its 200-day moving average is $4.25. The firm has a market cap of $1.51 billion, a P/E ratio of -20.06 and a beta of 1.23.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its earnings results on Tuesday, May 13th. The mining company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.16). Endeavour Silver had a negative net margin of 29.07% and a positive return on equity of 1.18%. The business had revenue of $63.50 million for the quarter, compared to analysts' expectations of $83.10 million. Equities analysts anticipate that Endeavour Silver Corporation will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on EXK. CIBC raised their price objective on shares of Endeavour Silver from $7.25 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. HC Wainwright lifted their price objective on shares of Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Wall Street Zen raised shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Friday, May 23rd. Finally, National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $8.33.

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.