Endeavour Silver (TSE:EDR) Releases Quarterly Earnings Results

Endeavour Silver (TSE:EDR) (NYSE:EXK) issued its quarterly earnings results on Monday. The company reported C$0.20 earnings per share for the quarter, FiscalAI reports. Endeavour Silver had a net margin of 8.73% and a return on equity of 10.49%. The business had revenue of C$262.66 million during the quarter.

Endeavour Silver Trading Up 6.7%

EDR opened at C$11.80 on Tuesday. The firm has a 50 day simple moving average of C$12.55 and a 200 day simple moving average of C$13.39. Endeavour Silver has a fifty-two week low of C$9.76 and a fifty-two week high of C$20.70. The company has a market cap of C$3.49 billion, a price-to-earnings ratio of 59.00, a price-to-earnings-growth ratio of 0.76 and a beta of 3.26. The company has a debt-to-equity ratio of 34.64, a current ratio of 1.97 and a quick ratio of 2.38.

Analysts Set New Price Targets

A number of research analysts have commented on the company. TD set a C$15.00 price objective on Endeavour Silver and gave the company a “buy” rating in a research report on Monday, August 24th. National Bank Financial boosted their target price on Endeavour Silver from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Monday, September 21st. Canadian Imperial Bank of Commerce lowered Endeavour Silver from an “outperformer” rating to a “hold” rating and cut their price target for the company from C$25.00 to C$20.00 in a research note on Wednesday, September 23rd. Finally, B. Riley Financial upgraded Endeavour Silver to a “strong-buy” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$20.25.

Endeavour Silver Company Profile

Endeavour is a mid-tier silver producer with three operating mines in Mexico and Peru and a robust pipeline of exploration projects across Mexico, Chile, and the United States. With a proven track record of discovery, development, and responsible mining, Endeavour is driving organic growth and creating lasting value on its path to becoming a leading senior silver producer.