Endeavour Silver (NYSE:EXK) Announces Earnings Results

Endeavour Silver (NYSE:EXK) (TSE:EDR) issued its earnings results on Friday. The mining company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.06), Zacks reports. Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%.The firm had revenue of $111.40 million during the quarter, compared to analysts’ expectations of $162.05 million.

Endeavour Silver Stock Down 1.5%

Shares of NYSE:EXK traded down $0.11 during trading on Friday, reaching $7.21. The stock had a trading volume of 11,741,579 shares, compared to its average volume of 12,596,199. The firm’s 50-day simple moving average is $7.49 and its 200 day simple moving average is $5.66. The company has a current ratio of 0.93, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. Endeavour Silver has a one year low of $2.95 and a one year high of $10.37. The company has a market capitalization of $2.12 billion, a P/E ratio of -26.71 and a beta of 1.27.

Hedge Funds Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Endeavour Silver during the 1st quarter valued at $100,000. Quantbot Technologies LP purchased a new position in Endeavour Silver during the 2nd quarter worth $120,000. Nebula Research & Development LLC grew its stake in Endeavour Silver by 223.7% during the 2nd quarter. Nebula Research & Development LLC now owns 55,329 shares of the mining company’s stock worth $272,000 after buying an additional 38,236 shares during the last quarter. Walleye Capital LLC increased its position in Endeavour Silver by 423.2% during the 2nd quarter. Walleye Capital LLC now owns 58,706 shares of the mining company’s stock valued at $289,000 after buying an additional 47,485 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in Endeavour Silver in the second quarter valued at about $363,000. 20.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on EXK shares. Wall Street Zen upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. HC Wainwright raised their target price on shares of Endeavour Silver from $9.75 to $11.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Cibc Captl Mkts upgraded shares of Endeavour Silver from a “hold” rating to a “strong-buy” rating in a report on Monday. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Endeavour Silver in a research note on Friday, October 10th. Four research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $13.50.

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.