Endeavour Silver (NYSE:EXK) Releases Earnings Results, Beats Expectations By $0.02 EPS

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

Endeavour Silver Price Performance

Endeavour Silver stock traded up $0.08 during trading on Thursday, reaching $4.80. The company had a trading volume of 3,750,967 shares, compared to its average volume of 5,463,954. Endeavour Silver has a 1-year low of $1.42 and a 1-year high of $5.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.65 and a current ratio of 2.02. The firm’s 50-day simple moving average is $4.13 and its 200 day simple moving average is $3.79. The firm has a market capitalization of $1.18 billion, a PE ratio of -67.42 and a beta of 1.67.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EXK. StockNews.com upgraded shares of Endeavour Silver to a “sell” rating in a research note on Wednesday. HC Wainwright lifted their price target on Endeavour Silver from $6.00 to $7.25 and gave the stock a “buy” rating in a research report on Wednesday. Alliance Global Partners increased their price objective on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, CIBC lifted their target price on Endeavour Silver from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. One research 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 currently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

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.