Endeavour Silver (NYSE:EXK) Issues Quarterly Earnings Results, Hits Estimates

Endeavour Silver (NYSE:EXKGet Free Report) (TSE:EDR) announced its earnings results on Wednesday. The mining company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15, Zacks reports. Endeavour Silver had a return on equity of 18.48% and a net margin of 9.30%.The business had revenue of $212.10 million for the quarter, compared to analyst estimates of $210.79 million.

Endeavour Silver Trading Down 3.0%

Shares of Endeavour Silver stock traded down $0.23 during trading on Friday, reaching $7.54. The company’s stock had a trading volume of 6,216,738 shares, compared to its average volume of 9,951,118. The company has a quick ratio of 1.39, a current ratio of 1.70 and a debt-to-equity ratio of 0.37. Endeavour Silver has a 52-week low of $4.91 and a 52-week high of $15.15. The firm’s 50-day moving average is $8.40 and its two-hundred day moving average is $9.96. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 35.93 and a beta of 1.33.

Institutional Trading of Endeavour Silver

Several institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp lifted its stake in shares of Endeavour Silver by 23.8% in the 4th quarter. Mackenzie Financial Corp now owns 743,086 shares of the mining company’s stock valued at $7,270,000 after acquiring an additional 142,923 shares during the last quarter. Grand Central Investment Group purchased a new position in Endeavour Silver in the 4th quarter worth approximately $132,000. Empowered Funds LLC purchased a new position in Endeavour Silver in the 4th quarter worth approximately $486,000. XTX Topco Ltd lifted its position in Endeavour Silver by 217.5% in the fourth quarter. XTX Topco Ltd now owns 157,163 shares of the mining company’s stock valued at $1,477,000 after purchasing an additional 107,668 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in shares of Endeavour Silver by 80.7% during the fourth quarter. Voloridge Investment Management LLC now owns 2,940,401 shares of the mining company’s stock valued at $27,640,000 after purchasing an additional 1,313,593 shares during the period. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on EXK. Wall Street Zen lowered Endeavour Silver from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Endeavour Silver in a research report on Friday, July 17th. Zacks Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $17.00 price target on shares of Endeavour Silver in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

Get Our Latest Analysis on EXK

About Endeavour Silver

(Get Free Report)

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.

Further Reading

Earnings History for Endeavour Silver (NYSE:EXK)

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