Endeavour Silver Corp. (NYSE:EXK) Expected to Announce Earnings of $0.04 Per Share

Wall Street analysts forecast that Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) will post earnings of $0.04 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Endeavour Silver’s earnings. The highest EPS estimate is $0.07 and the lowest is $0.02. The company is scheduled to issue its next earnings results before the market opens on Tuesday, November 9th.

On average, analysts expect that Endeavour Silver will report full-year earnings of $0.21 per share for the current fiscal year, with EPS estimates ranging from $0.16 to $0.26. For the next financial year, analysts forecast that the business will report earnings of $0.27 per share, with EPS estimates ranging from $0.02 to $0.54. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Endeavour Silver.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last issued its earnings results on Monday, August 9th. The mining company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.02). The firm had revenue of $47.78 million during the quarter, compared to analysts’ expectations of $47.15 million. Endeavour Silver had a net margin of 21.99% and a return on equity of 8.95%.

A number of equities research analysts recently commented on EXK shares. TD Securities dropped their target price on Endeavour Silver from C$8.00 to C$7.00 and set a “hold” rating on the stock in a research report on Wednesday, August 11th. Zacks Investment Research upgraded Endeavour Silver from a “sell” rating to a “hold” rating in a research report on Friday, August 13th. HC Wainwright reiterated a “buy” rating and issued a $7.00 target price (up previously from $6.75) on shares of Endeavour Silver in a research report on Friday, October 8th. BMO Capital Markets restated a “buy” rating on shares of Endeavour Silver in a research report on Friday, October 1st. Finally, CIBC restated a “hold” rating and issued a C$8.25 price objective on shares of Endeavour Silver in a research report on Friday, September 10th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.51.

A number of hedge funds and other institutional investors have recently bought and sold shares of EXK. Commonwealth Equity Services LLC raised its stake in Endeavour Silver by 71.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 46,839 shares of the mining company’s stock valued at $232,000 after purchasing an additional 19,580 shares during the last quarter. Swiss National Bank raised its stake in Endeavour Silver by 2.6% in the 1st quarter. Swiss National Bank now owns 361,600 shares of the mining company’s stock valued at $1,789,000 after purchasing an additional 9,200 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Endeavour Silver in the 1st quarter valued at $63,000. Banque Cantonale Vaudoise raised its stake in Endeavour Silver by 26.5% in the 1st quarter. Banque Cantonale Vaudoise now owns 46,943 shares of the mining company’s stock valued at $233,000 after purchasing an additional 9,843 shares during the last quarter. Finally, CIBC World Markets Inc. acquired a new position in Endeavour Silver in the 1st quarter valued at $354,000. 26.12% of the stock is owned by hedge funds and other institutional investors.

NYSE EXK traded up $0.29 during trading hours on Wednesday, reaching $4.65. The stock had a trading volume of 4,146,876 shares, compared to its average volume of 3,508,957. The stock has a fifty day moving average of $4.46 and a 200 day moving average of $5.44. The stock has a market cap of $792.64 million, a P/E ratio of 19.33 and a beta of 1.30. Endeavour Silver has a 52-week low of $2.98 and a 52-week high of $7.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.43 and a current ratio of 5.10.

Endeavour Silver Company Profile

Endeavour Silver Corp. operates as a mineral company. It engages in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The firm’s projects include Terronera property in Jalisco, El Compas property, Guanacevi Mine in Durango, Bolanitos Mines in Guanajuato, and Parral project in Chihuahua, Mexico.

See Also: Return on Equity (ROE)

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Earnings History and Estimates for Endeavour Silver (NYSE:EXK)

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