FY2024 EPS Estimate for Endeavour Silver Lowered by Analyst

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) – Research analysts at B. Riley lowered their FY2024 earnings estimates for Endeavour Silver in a report released on Wednesday, November 27th. B. Riley analyst L. Pipes now anticipates that the mining company will post earnings of $0.02 per share for the year, down from their previous forecast of $0.04. The consensus estimate for Endeavour Silver’s current full-year earnings is ($0.08) per share.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. Endeavour Silver’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) EPS.

Several other research analysts have also recently weighed in on the company. TD Securities started coverage on Endeavour Silver in a research note on Friday. They issued a “buy” rating for the company. Alliance Global Partners increased their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Ventum Cap Mkts raised shares of Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. HC Wainwright increased their price target on Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, StockNews.com raised Endeavour Silver to a “sell” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Trading Up 1.7 %

Shares of NYSE EXK opened at $4.21 on Monday. The company has a market cap of $1.04 billion, a PE ratio of -32.38 and a beta of 1.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The firm’s 50 day moving average price is $4.56 and its 200-day moving average price is $3.99. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $5.67.

Hedge Funds Weigh In On Endeavour Silver

Several large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in Endeavour Silver by 126.3% in the 2nd quarter. Van ECK Associates Corp now owns 24,467,240 shares of the mining company’s stock worth $86,125,000 after buying an additional 13,657,121 shares during the period. TD Asset Management Inc purchased a new stake in shares of Endeavour Silver during the second quarter worth about $9,452,000. National Bank of Canada FI raised its stake in Endeavour Silver by 5,735.0% during the 2nd quarter. National Bank of Canada FI now owns 438,794 shares of the mining company’s stock valued at $1,522,000 after purchasing an additional 431,274 shares during the period. U S Global Investors Inc. purchased a new position in Endeavour Silver in the 3rd quarter worth approximately $1,382,000. Finally, Quest Partners LLC bought a new position in Endeavour Silver in the 3rd quarter worth approximately $964,000. Hedge funds and other institutional investors own 20.06% of the company’s stock.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.