Why Endeavour Silver Corp's Shares Popped 15% Today
Shares of Endeavour Silver Corp (NYSE: EXK) jumped as much as 15.2% in trading Thursday after the company reported third-quarter earnings. The bottom line didn't hit expectations, but revenue was better than hoped. At 1:50 p.m. EDT, shares were still up 11.9% on the day.
Revenue fell 5% to 39.8 million in the quarter, despite a 6% increase in silver ounces sold. Gold ounces sold fell 3%, realized silver price dropped 10%, and realized gold price was down 3%. That drove an 82% decline in net income to $1 million.
Image source: Getty Images.
Source: Fool.com
Endeavour Silver Corp. Stock
€3.63
-0.710%
Our community is currently high on Endeavour Silver Corp. with 4 Buy predictions and 1 Sell predictions.
With a target price of 7 € there is a hugely positive potential of 92.84% for Endeavour Silver Corp. compared to the current price of 3.63 €.
