Endeavour Silver (NYSE:EXK) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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

Endeavour Silver Stock Down 4.8 %

EXK traded down $0.23 on Friday, hitting $4.57. The company had a trading volume of 3,461,078 shares, compared to its average volume of 5,468,604. The stock has a fifty day simple moving average of $4.17 and a 200-day simple moving average of $3.79. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.02 and a quick ratio of 1.65. The firm has a market capitalization of $1.12 billion, a P/E ratio of -65.13 and a beta of 1.67. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.67.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXK. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Wednesday. Alliance Global Partners upped 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. Finally, HC Wainwright raised their price objective on shares of Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average 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.