Endeavour Silver (NYSE:EXK) Issues Earnings Results

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

Endeavour Silver Stock Down 0.9 %

Shares of EXK traded down $0.04 during trading hours on Wednesday, hitting $4.66. 3,528,300 shares of the company were exchanged, compared to its average volume of 5,456,835. The firm’s 50 day moving average is $4.10 and its 200-day moving average is $3.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. Endeavour Silver has a 52 week low of $1.42 and a 52 week high of $5.67. The company has a market cap of $1.15 billion, a PE ratio of -67.20 and a beta of 1.67.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. CIBC boosted their target price on Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. HC Wainwright increased their price objective on Endeavour Silver from $6.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday. Finally, Alliance Global Partners lifted their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.63.

Endeavour Silver Company 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.