Endeavour Silver (NYSE:EXK) Posts Earnings Results, Beats Expectations By $0.05 EPS

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

Endeavour Silver Stock Up 6.6%

Shares of EXK opened at $8.36 on Tuesday. The company’s 50-day moving average price is $8.94 and its 200 day moving average price is $9.65. Endeavour Silver has a 12-month low of $6.91 and a 12-month high of $15.15. The company has a current ratio of 1.97, a quick ratio of 1.65 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2.48 billion, a P/E ratio of 21.16 and a beta of 1.38.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EXK shares. Wall Street Zen lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. B. Riley Financial initiated coverage on Endeavour Silver in a research 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 research report on Tuesday, September 22nd. Canadian Imperial Bank of Commerce cut shares of Endeavour Silver from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 22nd. Finally, Citigroup downgraded shares of Endeavour Silver to a “market perform” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.