Endeavour Silver (NYSE:EXK) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Endeavour Silver (NYSE:EXK) (TSE:EDR) issued its earnings results on Friday. The mining company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.06), Zacks reports. The firm had revenue of $111.40 million for the quarter, compared to analyst estimates of $162.05 million. Endeavour Silver had a negative return on equity of 0.62% and a negative net margin of 28.49%.

Endeavour Silver Stock Performance

Shares of EXK traded down $0.11 during mid-day trading on Friday, reaching $7.21. 11,743,657 shares of the company’s stock were exchanged, compared to its average volume of 12,596,250. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.93 and a quick ratio of 0.65. The stock has a market capitalization of $2.12 billion, a PE ratio of -26.71 and a beta of 1.27. The business’s fifty day simple moving average is $7.51 and its 200-day simple moving average is $5.68. Endeavour Silver has a 52-week low of $2.95 and a 52-week high of $10.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Endeavour Silver by 19.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,896,829 shares of the mining company’s stock valued at $38,852,000 after purchasing an additional 1,274,094 shares during the period. Vanguard Group Inc. raised its stake in Endeavour Silver by 1,631.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,305,383 shares of the mining company’s stock valued at $33,720,000 after acquiring an additional 4,056,768 shares during the last quarter. Millennium Management LLC raised its stake in Endeavour Silver by 13.3% during the 1st quarter. Millennium Management LLC now owns 2,455,127 shares of the mining company’s stock valued at $10,483,000 after acquiring an additional 289,096 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Endeavour Silver by 133.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company’s stock worth $5,590,000 after acquiring an additional 747,556 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Endeavour Silver by 186.5% in the 2nd quarter. Bank of America Corp DE now owns 1,225,813 shares of the mining company’s stock valued at $6,031,000 after purchasing an additional 798,005 shares during the last quarter. 20.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wall Street Zen raised Endeavour Silver from a “sell” rating to a “hold” rating in a report on Sunday, August 17th. Cibc Captl Mkts upgraded Endeavour Silver from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. National Bankshares reaffirmed an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, July 16th. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $13.50.

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.