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

Endeavour Silver (NYSE:EXK) (TSE:EDR) issued 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%.

Endeavour Silver Price Performance

EXK traded down $0.22 during trading on Wednesday, hitting $7.53. 9,336,346 shares of the stock traded hands, compared to its average volume of 9,983,195. The business has a 50 day moving average price of $8.43 and a 200 day moving average price of $9.98. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.70 and a quick ratio of 1.39. Endeavour Silver has a twelve month low of $4.91 and a twelve month high of $15.15. The company has a market cap of $2.23 billion, a price-to-earnings ratio of -94.13 and a beta of 1.33.

Hedge Funds Weigh In On Endeavour Silver

Several hedge funds and other institutional investors have recently modified their holdings of EXK. Caitong International Asset Management Co. Ltd raised its holdings in shares of Endeavour Silver by 389.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock worth $43,000 after buying an additional 3,647 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Endeavour Silver in the fourth quarter valued at about $96,000. Franklin Resources Inc. acquired a new stake in Endeavour Silver in the fourth quarter valued at about $100,000. Schroder Investment Management Group grew 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 valued at $107,000 after acquiring an additional 887 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new position in Endeavour Silver in the fourth quarter valued at about $126,000. Institutional investors own 20.06% of the company’s stock.

Wall Street Analyst Weigh In

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

About Endeavour Silver

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.