Endeavour Silver (NYSE:EXK) Posts Earnings Results, Meets Expectations

Endeavour Silver (NYSE:EXK) (TSE:EDR) announced its earnings results on Wednesday. The mining company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15, Zacks reports. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%.

Endeavour Silver Trading Down 2.8%

Shares of EXK traded down $0.22 during mid-day trading on Wednesday, reaching $7.53. The company’s stock had a trading volume of 9,336,346 shares, compared to its average volume of 9,983,195. The stock has a market cap of $2.23 billion, a PE ratio of -94.13 and a beta of 1.33. The company has a current ratio of 1.70, a quick ratio of 1.39 and a debt-to-equity ratio of 0.37. Endeavour Silver has a 52 week low of $4.91 and a 52 week high of $15.15. The company’s fifty day moving average price is $8.47 and its two-hundred day moving average price is $9.99.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EXK shares. Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th. HC Wainwright restated a “buy” rating and set a $17.00 price objective on shares of Endeavour Silver in a research report on Thursday, July 9th. Zacks Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Wall Street Zen downgraded Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Endeavour Silver presently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

Hedge Funds Weigh In On Endeavour Silver

A number of large investors have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC purchased a new stake in Endeavour Silver during the fourth quarter valued at about $247,000. Russell Investments Group Ltd. grew its stake in shares of Endeavour Silver by 1,141.4% during the fourth quarter. Russell Investments Group Ltd. now owns 24,828 shares of the mining company’s stock valued at $234,000 after buying an additional 22,828 shares during the last quarter. Numerai GP LLC purchased a new position in shares of Endeavour Silver in the third quarter worth about $232,000. Dynamic Technology Lab Private Ltd increased its holdings in shares of Endeavour Silver by 33.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 23,574 shares of the mining company’s stock worth $222,000 after buying an additional 5,918 shares during the period. Finally, Public Sector Pension Investment Board bought a new stake in shares of Endeavour Silver in the 4th quarter valued at about $160,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.