Revenue Update on Endeavour Silver Corp(NYSE:EXK)

Endeavour Silver Corp(NYSE:EXK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $44.51M. Analysts estimated a revenue of $34.90M. Earnings per share were $0.01. Analysts had estimated an EPS of $0.05.

In a different note, On Jun 27, 2016, Raymond James said it Upgrades its rating on Endeavour Silver Corp. The shares have been rated ‘Market Perform’ by the firm.

Endeavour Silver Corp (EXK) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -0.89% at a volume of 30,18,192. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.89. The peak price level was also seen at $5.89 while the days lowest was $5.4713. Finally the shares closed at $5.54. The 52-week high of the shares is $5.95 while the 52-week low is $1. According to the latest information available, the market cap of the company is $670 M.

Endeavour Silver Corp. (Endeavour) is a Canada-based mining company. The Company is engaged in silver mining in Mexico and related activities including property acquisition exploration development mineral extraction processing refining and reclamation. The Company is also engaged in exploration activities in Chile. Its producing mines include Guanacevi Mine which is located 260 kilometers northwest of the city of Durango Mexico; Bolanitos Mine which is located 10 kilometers northwest of the city of Guanajuato Mexico and El Cubo Mine which is located six kilometers southeast of the city of Guanajuato. Its exploration projects include Guadalupe y Calvo an advanced silver-gold exploration project; Parral Mine which is located around 210 kilometers south of the city of Chihuahua Mexico; Terronera a project is located 40 kilometers northeast of Puerto Vallarta in the state of Jalisco Mexico and Lourdes an early-stage exploration silver and gold property.

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