Excellon Resources Inc. (NYSE:EXN) Expected to Announce Earnings of -$0.02 Per Share

Analysts expect that Excellon Resources Inc. (NYSE:EXN – Get Rating) will announce earnings of ($0.02) per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Excellon Resources’ earnings. Excellon Resources reported earnings of ($0.09) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 77.8%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Excellon Resources will report full year earnings of $0.09 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will report earnings of $0.24 per share. Zacks’ EPS averages are an average based on a survey of research firms that follow Excellon Resources.

A number of brokerages recently weighed in on EXN. Pi Financial raised shares of Excellon Resources from a “neutral” rating to a “buy” rating in a research report on Monday, February 7th. Zacks Investment Research raised shares of Excellon Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 19th.

Shares of EXN opened at $0.55 on Tuesday. Excellon Resources has a 1-year low of $0.55 and a 1-year high of $3.20. The stock has a market cap of $18.71 million, a PE ratio of -0.31 and a beta of 2.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.36 and a quick ratio of 0.30. The firm has a fifty day moving average price of $0.86 and a 200 day moving average price of $0.98.

Several large investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Excellon Resources in the third quarter valued at about $48,000. Northeast Investment Management raised its holdings in Excellon Resources by 162.4% during the first quarter. Northeast Investment Management now owns 159,026 shares of the company’s stock worth $140,000 after purchasing an additional 98,417 shares in the last quarter. Finally, ETF Managers Group LLC raised its holdings in Excellon Resources by 60.2% during the fourth quarter. ETF Managers Group LLC now owns 874,634 shares of the company’s stock worth $947,000 after purchasing an additional 328,737 shares in the last quarter. 3.29% of the stock is owned by institutional investors and hedge funds.

About Excellon Resources (Get Rating)

Excellon Resources Inc, a silver mining and exploration company, acquires, explores, develops, and exploits mineral properties in Mexico and Canada. The company primarily explores for silver, lead, zinc, and gold deposits. It holds 100% interests in the Platosa property covering an area of approximately 11,000 hectares located in Durango State, Mexico; the Evolución property that covers an area of 45,000 hectares situated in the states of Durango and Zacatecas, Mexico; and the Silver City Project totaling an area of 164 square kilometers in Saxony, Germany.

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