Endeavour Silver (NYSE:EXK) Issues Earnings Results, Beats Estimates By $0.05 EPS

Endeavour Silver (NYSE:EXK) (TSE:EDR) posted its quarterly earnings results on Monday. The mining company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05, Zacks reports. Endeavour Silver had a net margin of 9.30% and a return on equity of 17.46%. The business had revenue of $184.50 million during the quarter, compared to the consensus estimate of $197.00 million.

Endeavour Silver Trading Up 6.6%

NYSE:EXK opened at $8.36 on Tuesday. The firm has a market capitalization of $2.48 billion, a P/E ratio of 39.79 and a beta of 1.38. The company has a quick ratio of 1.65, a current ratio of 1.97 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $8.94 and a 200 day moving average of $9.65. Endeavour Silver has a 52 week low of $6.91 and a 52 week high of $15.15.

Analyst Ratings Changes

A number of research analysts have recently issued reports on EXK shares. Citigroup cut Endeavour Silver to a “market perform” rating in a research note on Friday, October 9th. Weiss Ratings raised Endeavour Silver from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. B. Riley Financial initiated coverage on Endeavour Silver in a report on Monday, August 3rd. They set a “buy” rating and a $14.00 target price for the company. Wall Street Zen lowered Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, HC Wainwright reduced their price target on Endeavour Silver from $17.00 to $16.75 and set a “buy” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.92.

About Endeavour Silver

Endeavour Silver Corp. is a Canadian mining company that acquires, explores, develops and operates silver and gold properties. Founded in 2004, the company focuses on producing precious metals and expanding its portfolio through mine development and exploration.

Its mining and development activities have centered on Mexico, including the Guanaceví and Bolañitos operations and the Terronera project. Endeavour has also expanded into Peru through its acquisition of the Kolpa mine, which produces silver as well as lead, zinc and copper.

Endeavour Silver is headquartered in Vancouver, British Columbia.