Endeavour Silver (NYSE:EXK) Issues Quarterly Earnings Results

Endeavour Silver (NYSE:EXK) (TSE:EDR) issued its quarterly earnings results on Monday. The mining company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05, Zacks reports. Endeavour Silver had a return on equity of 17.46% and a net margin of 9.30%. The firm had revenue of $197.00 million during the quarter, compared to analyst estimates of $190.43 million.

Endeavour Silver Trading Up 6.6%

Shares of EXK traded up $0.52 during trading hours on Monday, hitting $8.36. The company had a trading volume of 6,159,492 shares, compared to its average volume of 9,197,619. The firm has a market cap of $2.47 billion, a P/E ratio of 39.79 and a beta of 1.38. The stock’s 50 day moving average price is $8.98 and its 200 day moving average price is $9.67. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. Endeavour Silver has a 52-week low of $6.91 and a 52-week high of $15.15.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EXK. Canadian Imperial Bank of Commerce lowered Endeavour Silver from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 22nd. HC Wainwright reissued a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research note on Friday, October 9th. Weiss Ratings upgraded shares of Endeavour Silver from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Citigroup lowered shares of Endeavour Silver to a “market perform” rating in a report on Friday, October 9th. Finally, B. Riley Financial assumed coverage on shares of Endeavour Silver in a research note on Monday, August 3rd. They issued a “buy” rating and a $14.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

About Endeavour Silver

Endeavour Silver Corp. is a Canadian mining company that acquires, explores, develops and operates silver and gold properties. Founded in 2004, the company focuses on producing precious metals and expanding its portfolio through mine development and exploration.

Its mining and development activities have centered on Mexico, including the Guanaceví and Bolañitos operations and the Terronera project. Endeavour has also expanded into Peru through its acquisition of the Kolpa mine, which produces silver as well as lead, zinc and copper.

Endeavour Silver is headquartered in Vancouver, British Columbia.