Endeavour Silver (NYSE:EXK) Announces Earnings Results, Beats Expectations By $0.02 EPS

Endeavour Silver (NYSE:EXK) (TSE:EDR) released its quarterly earnings results on Tuesday. The mining company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02, Briefing.com reports. The business had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. Endeavour Silver had a negative return on equity of 1.25% and a negative net margin of 6.53%. Endeavour Silver’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) EPS.

Endeavour Silver Stock Performance

EXK traded down $0.05 during trading hours on Wednesday, hitting $4.65. The stock had a trading volume of 3,755,652 shares, compared to its average volume of 5,457,893. The company’s fifty day simple moving average is $4.10 and its 200 day simple moving average is $3.78. Endeavour Silver has a 1 year low of $1.42 and a 1 year high of $5.67. The stock has a market cap of $1.14 billion, a PE ratio of -67.20 and a beta of 1.67. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.14.

Analyst Upgrades and Downgrades

EXK has been the subject of a number of analyst reports. Alliance Global Partners increased their price target on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. HC Wainwright raised their target price on Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a research report on Wednesday. Finally, CIBC raised their target price on Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $6.63.

About Endeavour Silver

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.