Endeavour Silver (NYSE:EXK) Issues Earnings Results, Hits Expectations

Endeavour Silver (NYSE:EXK) (TSE:EDR) announced its quarterly earnings results on Wednesday. The mining company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15, Zacks reports. Endeavour Silver had a positive return on equity of 9.33% and a negative net margin of 3.68%.The business had revenue of $212.10 million during the quarter, compared to the consensus estimate of $210.79 million.

Endeavour Silver Price Performance

Endeavour Silver stock opened at $7.48 on Thursday. The stock has a market capitalization of $2.21 billion, a P/E ratio of -93.46 and a beta of 1.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.39 and a current ratio of 1.70. The stock has a fifty day moving average of $8.43 and a 200-day moving average of $9.98. Endeavour Silver has a 52 week low of $4.91 and a 52 week high of $15.15.

Hedge Funds Weigh In On Endeavour Silver

Institutional investors and hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in Endeavour Silver by 389.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock valued at $43,000 after acquiring an additional 3,647 shares during the period. Renaissance Technologies LLC acquired a new position in Endeavour Silver during the 4th quarter valued at about $96,000. Franklin Resources Inc. bought a new position in shares of Endeavour Silver during the fourth quarter valued at about $100,000. Schroder Investment Management Group boosted its position in Endeavour Silver by 8.8% in the fourth quarter. Schroder Investment Management Group now owns 10,966 shares of the mining company’s stock worth $107,000 after purchasing an additional 887 shares during the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in Endeavour Silver in the fourth quarter valued at approximately $126,000. Institutional investors and hedge funds own 20.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EXK shares. Wall Street Zen downgraded shares of Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. HC Wainwright reaffirmed a “buy” rating and set a $17.00 target price on shares of Endeavour Silver in a report on Thursday, July 9th. Zacks Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Endeavour Silver in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Endeavour Silver currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.

Endeavour Silver Company Profile

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.