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

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

Endeavour Silver Price Performance

NYSE EXK traded up $0.08 during trading hours on Thursday, reaching $4.80. The company’s stock had a trading volume of 6,621,067 shares, compared to its average volume of 5,477,896. The company has a quick ratio of 1.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.14. Endeavour Silver has a 1 year low of $1.42 and a 1 year high of $5.67. The firm’s 50-day moving average price is $4.17 and its 200-day moving average price is $3.79. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -68.56 and a beta of 1.67.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. 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 report on Tuesday, October 22nd. StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Wednesday. CIBC boosted their price objective on Endeavour Silver from $6.00 to $7.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Finally, HC Wainwright raised their target price on shares of Endeavour Silver from $6.00 to $7.25 and gave the stock a “buy” rating in a research note on Wednesday. One research 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. According to data from MarketBeat.com, Endeavour Silver presently 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.