Endeavour Silver (NYSE:EXK) Issues Quarterly Earnings Results, Misses Estimates By $0.04 EPS

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 released its quarterly earnings results on Wednesday. The mining company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04), Zacks reports. Endeavour Silver had a negative net margin of 28.49% and a negative return on equity of 0.62%. The company had revenue of $85.30 million during the quarter, compared to the consensus estimate of $81.48 million.

Endeavour Silver Stock Up 0.5%

EXK traded up $0.03 during midday trading on Monday, hitting $5.58. The company had a trading volume of 7,906,997 shares, compared to its average volume of 9,521,794. The stock's 50 day moving average price is $5.25 and its 200 day moving average price is $4.37. Endeavour Silver has a 52 week low of $2.76 and a 52 week high of $6.04. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of -20.67 and a beta of 1.23. The company has a quick ratio of 0.65, a current ratio of 0.93 and a debt-to-equity ratio of 0.23.

Institutional Trading of Endeavour Silver

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Endeavour Silver by 3.8% in the second quarter. Geode Capital Management LLC now owns 144,333 shares of the mining company's stock worth $714,000 after acquiring an additional 5,303 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Endeavour Silver by 10.3% during the second quarter. The Manufacturers Life Insurance Company now owns 215,316 shares of the mining company's stock worth $1,055,000 after purchasing an additional 20,143 shares during the period. Vident Advisory LLC lifted its holdings in shares of Endeavour Silver by 9.1% in the 2nd quarter. Vident Advisory LLC now owns 248,967 shares of the mining company's stock worth $1,225,000 after purchasing an additional 20,817 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Endeavour Silver in the 1st quarter worth $100,000. Finally, Quantbot Technologies LP acquired a new stake in Endeavour Silver in the 2nd quarter valued at $120,000. 20.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on EXK shares. HC Wainwright upped their target price on Endeavour Silver from $7.25 to $8.75 and gave the company a "buy" rating in a report on Wednesday, July 9th. Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research report on Friday, May 23rd. National Bank Financial raised shares of Endeavour Silver to a "strong-buy" rating in a research note on Thursday, June 12th. Wall Street Zen raised shares of Endeavour Silver from a "sell" rating to a "hold" rating in a research report on Sunday. Finally, National Bankshares reissued an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, July 16th. Two analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $8.33.

About Endeavour Silver

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.