Endeavour Silver Corp. (NYSE:EXK) Expected to Announce Earnings of $0.07 Per Share

Wall Street brokerages expect that Endeavour Silver Corp. (NYSE:EXKGet Rating) (TSE:EDR) will announce earnings per share (EPS) of $0.07 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Endeavour Silver’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.10. Endeavour Silver reported earnings of ($0.03) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 333.3%. The firm is scheduled to announce its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Endeavour Silver will report full-year earnings of $0.19 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.33. For the next year, analysts expect that the company will report earnings of $0.28 per share, with EPS estimates ranging from $0.17 to $0.43. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Endeavour Silver.

Several equities research analysts have recently weighed in on the stock. TD Securities boosted their target price on shares of Endeavour Silver from C$6.00 to C$7.00 in a research report on Monday, March 14th. BMO Capital Markets upped their price objective on Endeavour Silver from C$5.75 to C$6.00 in a research note on Tuesday, April 12th. StockNews.com assumed coverage on Endeavour Silver in a report on Thursday, March 31st. They set a “sell” rating on the stock. HC Wainwright boosted their price target on Endeavour Silver from $8.50 to $8.75 and gave the company a “buy” rating in a report on Tuesday, April 12th. Finally, B. Riley raised their price objective on Endeavour Silver from $6.00 to $8.00 in a research note on Monday, March 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.88.

EXK traded down $0.36 during trading on Friday, hitting $4.44. The company had a trading volume of 5,015,955 shares, compared to its average volume of 3,373,043. Endeavour Silver has a 1-year low of $3.35 and a 1-year high of $7.76. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.99 and a quick ratio of 3.31. The company has a market cap of $798.76 million, a PE ratio of 55.51 and a beta of 1.35. The business has a 50-day moving average of $4.82 and a 200-day moving average of $4.60.

Hedge funds have recently bought and sold shares of the business. Invesco Ltd. bought a new position in shares of Endeavour Silver during the second quarter worth about $113,000. Morgan Stanley increased its stake in shares of Endeavour Silver by 104.2% in the second quarter. Morgan Stanley now owns 2,124,801 shares of the mining company’s stock valued at $13,002,000 after purchasing an additional 1,084,258 shares during the period. Advisor Group Holdings Inc. raised its holdings in shares of Endeavour Silver by 542.4% during the third quarter. Advisor Group Holdings Inc. now owns 171,161 shares of the mining company’s stock valued at $700,000 after buying an additional 144,516 shares during the last quarter. Swiss National Bank boosted its position in shares of Endeavour Silver by 4.3% during the third quarter. Swiss National Bank now owns 364,500 shares of the mining company’s stock worth $1,486,000 after buying an additional 15,100 shares during the period. Finally, Dubuque Bank & Trust Co. grew its holdings in Endeavour Silver by 107.7% in the 3rd quarter. Dubuque Bank & Trust Co. now owns 27,000 shares of the mining company’s stock worth $110,000 after buying an additional 14,000 shares in the last quarter. Institutional investors own 24.83% of the company’s stock.

Endeavour Silver Company Profile (Get Rating)

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 operates two producing silver-gold mines in Mexico, such as the Guanaceví mine in Durango; and the Bolañitos mine in Guanajuato.

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