Endeavour Silver (NYSE:EXK) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Endeavour Silver (NYSE:EXKGet Rating) (TSE:EDR) released its earnings results on Wednesday. The mining company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02, MarketWatch Earnings reports. Endeavour Silver had a net margin of 7.09% and a return on equity of 3.15%. During the same quarter last year, the firm earned ($0.03) earnings per share.

Shares of EXK opened at $3.51 on Friday. The company has a market capitalization of $633.77 million, a PE ratio of 43.88 and a beta of 1.40. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.31 and a current ratio of 3.99. The company’s 50 day moving average price is $4.60 and its 200 day moving average price is $4.49. Endeavour Silver has a 52 week low of $3.06 and a 52 week high of $7.76.

Several research analysts have issued reports on the company. TD Securities dropped their price target on Endeavour Silver from C$7.00 to C$5.50 in a report on Thursday. StockNews.com began coverage on Endeavour Silver in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. Zacks Investment Research lowered shares of Endeavour Silver from a “buy” rating to a “hold” rating in a research note on Tuesday, January 25th. HC Wainwright boosted their price target on shares of Endeavour Silver from $8.50 to $8.75 and gave the company a “buy” rating in a report on Tuesday, April 12th. Finally, BMO Capital Markets decreased their price objective on shares of Endeavour Silver from C$6.00 to C$5.25 in a research note on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.60.

Several large investors have recently modified their holdings of EXK. Citigroup Inc. purchased a new position in shares of Endeavour Silver during the 1st quarter valued at $35,000. Sequoia Financial Advisors LLC purchased a new position in Endeavour Silver in the fourth quarter valued at about $42,000. Raymond James Financial Services Advisors Inc. acquired a new position in Endeavour Silver in the 1st quarter worth about $49,000. Sei Investments Co. purchased a new stake in shares of Endeavour Silver during the 1st quarter worth about $55,000. Finally, Invesco Ltd. acquired a new stake in shares of Endeavour Silver during the 2nd quarter valued at about $113,000. 23.67% of the stock is owned by institutional investors.

Endeavour Silver Company Profile (Get Rating)

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company operates two producing silver-gold mines in Mexico, such as the Guanaceví mine in Durango; and the Bolañitos mine in Guanajuato.

See Also

Earnings History for Endeavour Silver (NYSE:EXK)

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