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

Endeavour Silver (NYSE:EXK) (TSE:EDR) announced its 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 firm had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. During the same quarter in the previous year, the business earned ($0.04) EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis.

Endeavour Silver Stock Up 1.7 %

Shares of EXK traded up $0.08 during midday trading on Thursday, reaching $4.80. 3,750,967 shares of the stock were exchanged, compared to its average volume of 5,463,954. The company has a market capitalization of $1.18 billion, a P/E ratio of -67.42 and a beta of 1.67. The company has a current ratio of 2.02, a quick ratio of 1.65 and a debt-to-equity ratio of 0.14. Endeavour Silver has a 52 week low of $1.42 and a 52 week high of $5.67. The company’s 50 day moving average is $4.13 and its two-hundred day moving average is $3.79.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. CIBC increased their target price on shares of Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. HC Wainwright upped their price target on shares of Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a report on Wednesday. Alliance Global Partners raised their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded Endeavour Silver to a “sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.