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

Endeavour Silver (NYSE:EXK) (TSE:EDR) issued its earnings results on Monday. The mining company reported $0.14 earnings per share (EPS) 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 firm had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $190.43 million.

Endeavour Silver Trading Up 6.6%

NYSE EXK traded up $0.52 on Monday, hitting $8.36. The company’s stock had a trading volume of 6,159,492 shares, compared to its average volume of 9,197,619. Endeavour Silver has a 52-week low of $6.91 and a 52-week 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 company’s 50-day simple moving average is $8.98 and its 200 day simple moving average is $9.67. The firm has a market cap of $2.47 billion, a P/E ratio of 39.79 and a beta of 1.38.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EXK shares. Citigroup lowered shares of Endeavour Silver to a “market perform” rating in a report on Friday, October 9th. Canadian Imperial Bank of Commerce lowered shares of Endeavour Silver from an “outperform” rating to a “hold” rating in a report on Tuesday, September 22nd. Weiss Ratings raised shares of Endeavour Silver from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. B. Riley Financial assumed coverage on shares of Endeavour Silver in a research report on Monday, August 3rd. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. One investment 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Endeavour Silver Company Profile

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.