B. Riley Brokers Decrease Earnings Estimates for Endeavour Silver Corp. (NYSE:EXK)

Posted by Defense World Staff on Jul 21st, 2023

Endeavour Silver Corp. (NYSE:EXK – Free Report) (TSE:EDR) – Equities researchers at B. Riley cut their Q2 2023 earnings per share (EPS) estimates for shares of Endeavour Silver in a research note issued to investors on Tuesday, July 18th. B. Riley analyst L. Pipes now forecasts that the mining company will post earnings of $0.02 per share for the quarter, down from their previous forecast of $0.04. The consensus estimate for Endeavour Silver’s current full-year earnings is $0.14 per share. B. Riley also issued estimates for Endeavour Silver’s FY2024 earnings at $0.25 EPS.

Several other research analysts have also weighed in on EXK. HC Wainwright increased their price objective on Endeavour Silver from $5.50 to $8.00 in a research report on Wednesday, July 12th. StockNews.com began coverage on Endeavour Silver in a report on Thursday, May 18th. They set a “sell” rating for the company. Finally, Alliance Global Partners boosted their price objective on shares of Endeavour Silver from $5.25 to $5.75 and gave the company a “buy” rating in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.25.

Endeavour Silver Stock Down 3.8 %

Shares of NYSE EXK opened at $3.64 on Thursday. Endeavour Silver has a 1 year low of $2.47 and a 1 year high of $4.55. The company has a market capitalization of $696.14 million, a P/E ratio of -363.50 and a beta of 1.41. The company has a 50 day simple moving average of $3.12 and a 200-day simple moving average of $3.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.02 and a quick ratio of 2.51.

Endeavour Silver (NYSE:EXK – Get Free Report) (TSE:EDR) last issued its earnings results on Wednesday, May 10th. The mining company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Endeavour Silver had a net margin of 0.48% and a return on equity of 3.32%. The company had revenue of $55.46 million for the quarter, compared to the consensus estimate of $50.31 million.

Hedge Funds Weigh In On Endeavour Silver

Institutional investors have recently bought and sold shares of the company. ETF Managers Group LLC acquired a new stake in Endeavour Silver during the 1st quarter worth approximately $21,148,000. Van ECK Associates Corp increased its position in shares of Endeavour Silver by 9.5% during the first quarter. Van ECK Associates Corp now owns 21,668,423 shares of the mining company’s stock worth $84,074,000 after acquiring an additional 1,879,509 shares during the period. Jupiter Asset Management Ltd. raised its stake in shares of Endeavour Silver by 40.3% in the first quarter. Jupiter Asset Management Ltd. now owns 5,269,365 shares of the mining company’s stock valued at $20,169,000 after acquiring an additional 1,513,939 shares in the last quarter. Two Sigma Investments LP boosted its holdings in Endeavour Silver by 547.0% in the fourth quarter. Two Sigma Investments LP now owns 821,994 shares of the mining company’s stock valued at $2,663,000 after purchasing an additional 694,940 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Endeavour Silver by 924.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 684,840 shares of the mining company’s stock worth $3,185,000 after purchasing an additional 618,022 shares in the last quarter. 27.69% of the stock is owned by institutional investors and hedge funds.

About Endeavour Silver

(Get Free Report)

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