Endeavour Silver (NYSE:EXK) Stock Price Down 8% Following Weak Earnings

Key Points

• Shares fell about 8% after Endeavour reported Q results that missed expectations — EPS $0.02 vs. $0.03 consensus and revenue $172.6M vs. $228M consensus — and showed a negative net margin (-27.5%).
• Analysts remain mostly positive despite the miss, with a consensus "Buy" rating and an average price target of $14.50, while individual ratings range from "strong-buy" to "sell."
• Large institutional investors have been increasing positions (e.g., Vanguard +83.5%, MIRAE +38.1%), and institutions now own about 20.06% of the stock.

Endeavour Silver Corporation (NYSE:EXK - Get Free Report) TSE: EDR shares were down 8% on Monday following a dissappointing earnings announcement. The company traded as low as $12.58 and last traded at $12.7830. Approximately 3,935,330 shares changed hands during trading, a decline of 74% from the average daily volume of 14,871,406 shares. The stock had previously closed at $13.90.

The mining company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $172.60 million for the quarter, compared to the consensus estimate of $227.99 million. Endeavour Silver had a negative net margin of 27.52% and a negative return on equity of 1.34%.

Analyst Ratings Changes

EXK has been the subject of several research analyst reports. B. Riley Financial lifted their target price on shares of Endeavour Silver from $11.00 to $14.00 and gave the company a "buy" rating in a research report on Tuesday, January 13th. HC Wainwright lifted their price objective on shares of Endeavour Silver from $14.50 to $17.00 and gave the stock a "buy" rating in a report on Monday. National Bank Financial raised Endeavour Silver to a "strong-buy" rating in a research note on Tuesday, December 9th. Raymond James Financial restated an "outperform" rating on shares of Endeavour Silver in a research report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Endeavour Silver in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Endeavour Silver currently has an average rating of "Buy" and a consensus price target of $14.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Endeavour Silver by 38.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,902,392 shares of the mining company's stock valued at $85,474,000 after buying an additional 3,005,563 shares during the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of Endeavour Silver by 2.2% during the second quarter. Jupiter Asset Management Ltd. now owns 10,557,111 shares of the mining company's stock worth $51,916,000 after purchasing an additional 223,457 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Endeavour Silver by 2.7% during the fourth quarter. Van ECK Associates Corp now owns 9,794,705 shares of the mining company's stock worth $92,071,000 after purchasing an additional 261,196 shares during the period. Vanguard Group Inc. grew its stake in shares of Endeavour Silver by 83.5% in the fourth quarter. Vanguard Group Inc. now owns 7,899,506 shares of the mining company's stock worth $74,303,000 after purchasing an additional 3,594,123 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Endeavour Silver by 13.4% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,454,734 shares of the mining company's stock valued at $26,895,000 after purchasing an additional 643,641 shares during the period. Institutional investors own 20.06% of the company's stock.

Endeavour Silver Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.57 and a current ratio of 0.79. The business has a 50-day simple moving average of $11.53 and a 200 day simple moving average of $8.98. The firm has a market cap of $3.79 billion, a P/E ratio of -30.45 and a beta of 1.16.

Endeavour Silver Company Profile

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.

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