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Why Endeavour Silver Shares Are Surging Today

By Akanksha Bakshi
  • Endeavour Silver Corp (TSX:EDR) (NYSE:EXK) reported a first-quarter revenue increase of 67% year-over-year to $57.7 million, beating the consensus of $52.76 million.
  • Silver oz sold increased by 176% due to both increased silver production and the sale of the larger finished goods inventory held at December-end.
  • Adjusted EPS was $0.07, above the consensus of $0.05. Mine operating earnings were $20.3 million, up from $5.7 million in 1Q21.
  • EBITDA increased 7% Y/Y to $25.6 million for the quarter. Adjusted EBITDA per share increased to $0.16 from $0.05 in 1Q21.
  • Operating cash flow before working capital changes increase 293% Y/Y to $20.6 million. Mine operating cash flow before taxes increased 101% Y/Y to $26.7 million.
  • Endeavour Silver’s cash position was $151.0 million, and working capital was $168.4 million as of March 31, 2022.
  • The company significantly reduced silver inventory and slightly increased gold inventory during the quarter.
  • Price Action: EXK shares are trading higher by 10.2% at $3.42 on NYSE and EDR higher by 10.15% at C$4.45 on TSX on the last check Wednesday.
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Dive Deeper:
Why IGT Shares Are Surging Today
International Game Technology (NYSE:IGT) reported first-quarter FY22 revenue growth of 4% year-on-year to $1.05 billion, above the consensus of $1.04 billion. Revenue from…
Why Vroom Shares Are Surging Today
Vroom Inc (NASDAQ:VRM) reported first-quarter FY22 sales growth of 56.3% year-on-year to $923.77 million, beating the consensus of $878.13 million. Ecommerce revenue jumped…
What's Going On With Endeavour Silver Shares Today
Endeavour Silver Corp (TSX:EDR) (NYSE:EXK) price target has been lowered to C$5.25 from C$6 by BMO Capital analyst Ryan Thompson. The analyst has a Market…
Why Malibu Boats Shares Are Gaining Today
Malibu Boats Inc (NASDAQ:MBUU) reported third-quarter FY22 sales growth of 26% year-on-year to $344.29 million, beating the consensus of $304.49 million. The revenue…
One subscription that gives you access to news from hundreds of sites
Why Duolingo Shares Are Surging Today
Duolingo Inc (NASDAQ:DUOL) reported first-quarter FY22 sales growth of 47% year-on-year to $81.22 million, beating the consensus of $77.44 million. Total bookings increased…
Why RADA Electronic Shares Are Plunging Today
RADA Electronic Industries Ltd (NASDAQ:RADA) reported a first-quarter revenue decline of 11% year-over-year to $22.5 million, missing the consensus of $30.79 million.…
Get all your news in one place