Endeavour Silver (NYSE:EXK) Issues Earnings Results

Endeavour Silver (NYSE:EXK) (TSE:EDR) posted its quarterly earnings data on Monday. The mining company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $190.43 million.

Endeavour Silver Stock Performance

EXK traded up $0.52 during trading hours on Monday, hitting $8.36. 6,159,492 shares of the stock were exchanged, compared to its average volume of 9,197,619. The stock has a 50-day simple moving average of $8.98 and a 200-day simple moving average of $9.67. Endeavour Silver has a 12 month low of $6.91 and a 12 month high of $15.15. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 39.79 and a beta of 1.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.97 and a quick ratio of 1.65.

Analysts Set New Price Targets

EXK has been the subject of a number of analyst reports. B. Riley Financial started coverage on Endeavour Silver in a report on Monday, August 3rd. They issued a “buy” rating and a $14.00 price target for the company. Weiss Ratings upgraded Endeavour Silver from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Wall Street Zen lowered Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Citigroup lowered Endeavour Silver to a “market perform” rating in a research report on Friday, October 9th. Finally, Canadian Imperial Bank of Commerce cut Endeavour Silver from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.