Endeavour Silver (NYSE:EXK) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Endeavour Silver (NYSE:EXK) (TSE:EDR) announced its quarterly earnings results on Tuesday. The mining company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03, Zacks reports. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%.

Endeavour Silver Stock Down 8.9 %

Shares of NYSE:EXK opened at $3.63 on Tuesday. Endeavour Silver has a 12 month low of $1.90 and a 12 month high of $5.67. The firm has a market cap of $950.92 million, a P/E ratio of -27.88 and a beta of 1.55. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $3.80 and its two-hundred day moving average price is $4.01.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXK. TD Securities initiated coverage on Endeavour Silver in a report on Friday, November 29th. They set a “buy” rating for the company. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a report on Friday, February 28th. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research note on Wednesday, November 13th. Finally, HC Wainwright cut their target price on shares of Endeavour Silver from $7.25 to $7.00 and set a “buy” rating for the company in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.56.

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.