Endeavour Silver (NYSE:EXK – Get 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
Get Our Latest Analysis on EXK
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.
Further Reading
- Five stocks we like better than Endeavour Silver
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Receive News & Ratings for Endeavour Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endeavour Silver and related companies with MarketBeat.com's FREE daily email newsletter.
