Endeavour Silver (NYSE:EXK) Issues Quarterly Earnings Results

Key Points

• Endeavour Silver reported a quarterly loss of ($0.03) EPS, missing the consensus estimate by ($0.04), while revenue reached $85.3 million, exceeding expectations.
• The company's shares traded down to $5.49, demonstrating fluctuations within a twelve-month range of $2.76 to $6.04.
• Wall Street analysts have expressed a generally positive outlook, with the stock having a consensus rating of "Buy" and a target price of $8.33.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR issued its earnings results on Wednesday. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04), Zacks reports. Endeavour Silver had a positive return on equity of 1.18% and a negative net margin of 29.07%. The business had revenue of $85.30 million for the quarter, compared to the consensus estimate of $81.48 million.

Endeavour Silver Stock Performance

NYSE:EXK traded down $0.26 during midday trading on Wednesday, reaching $5.49. 18,047,823 shares of the company traded hands, compared to its average volume of 11,834,042. Endeavour Silver has a twelve month low of $2.76 and a twelve month high of $6.04. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -21.12 and a beta of 1.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.14 and a quick ratio of 0.77. The company has a fifty day moving average price of $5.17 and a 200 day moving average price of $4.31.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EXK shares. National Bankshares reiterated an "outperform" rating on shares of Endeavour Silver in a research note on Wednesday, July 16th. HC Wainwright lifted their target price on shares of Endeavour Silver from $7.25 to $8.75 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. CIBC boosted their price target on shares of Endeavour Silver from $7.25 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Ventum Cap Mkts raised shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. Finally, Wall Street Zen cut shares of Endeavour Silver from a "hold" rating to a "sell" rating in a research report on Saturday. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $8.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Endeavour Silver during the first quarter valued at $100,000. Quantbot Technologies LP purchased a new stake in shares of Endeavour Silver during the second quarter valued at $120,000. Geode Capital Management LLC lifted its holdings in shares of Endeavour Silver by 3.8% during the second quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company's stock valued at $714,000 after purchasing an additional 5,303 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Endeavour Silver by 162.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 527,300 shares of the mining company's stock valued at $2,252,000 after purchasing an additional 326,508 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Endeavour Silver by 133.1% during the first quarter. Goldman Sachs Group Inc. now owns 1,309,093 shares of the mining company's stock valued at $5,590,000 after purchasing an additional 747,556 shares during the last quarter. Institutional investors own 20.06% of the company's stock.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.

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