Endeavour Silver Corp. to Post Q2 2023 Earnings of $0.04 Per Share, B. Riley Forecasts (NYSE:EXK)

Endeavour Silver Corp. (NYSE:EXK – Get Rating) (TSE:EDR) – Stock analysts at B. Riley dropped their Q2 2023 earnings per share (EPS) estimates for Endeavour Silver in a note issued to investors on Wednesday, May 17th. B. Riley analyst L. Pipes now forecasts that the mining company will post earnings of $0.04 per share for the quarter, down from their prior forecast of $0.06. The consensus estimate for Endeavour Silver’s current full-year earnings is $0.12 per share. B. Riley also issued estimates for Endeavour Silver’s Q3 2023 earnings at $0.04 EPS, Q4 2023 earnings at $0.04 EPS, FY2023 earnings at $0.16 EPS and FY2024 earnings at $0.23 EPS.

Several other analysts have also commented on the company. Alliance Global Partners lifted their price objective on Endeavour Silver from $5.25 to $5.75 and gave the stock a “buy” rating in a report on Tuesday, April 18th. StockNews.com started coverage on Endeavour Silver in a report on Thursday. They set a “sell” rating for the company. Pi Financial raised Endeavour Silver from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 7th. CIBC dropped their price target on shares of Endeavour Silver from C$7.50 to C$6.50 in a research note on Tuesday, February 7th. Finally, TheStreet upgraded Endeavour Silver from a “d+” rating to a “c” rating in a report on Tuesday, March 14th. One equities 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, Endeavour Silver has an average rating of “Moderate Buy” and a consensus price target of $5.83.

Endeavour Silver Trading Down 0.3 %

NYSE EXK opened at $3.24 on Monday. The stock has a market cap of $620.49 million, a P/E ratio of -324.00 and a beta of 1.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.51 and a current ratio of 3.02. The stock has a 50 day simple moving average of $3.80 and a two-hundred day simple moving average of $3.49. Endeavour Silver has a fifty-two week low of $2.47 and a fifty-two week high of $4.55.

Endeavour Silver (NYSE:EXK – Get Rating) (TSE:EDR) last posted its quarterly earnings data on Thursday, March 2nd. The mining company reported $0.04 earnings per share (EPS) for the quarter. Endeavour Silver had a net margin of 0.48% and a return on equity of 3.32%. The business had revenue of $81.99 million during the quarter, compared to the consensus estimate of $36.22 million.

Institutional Trading of Endeavour Silver

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can bought a new position in Endeavour Silver in the 3rd quarter valued at $27,000. Citigroup Inc. acquired a new position in shares of Endeavour Silver during the first quarter worth about $35,000. Advisory Services Network LLC boosted its position in shares of Endeavour Silver by 2,000.0% during the first quarter. Advisory Services Network LLC now owns 10,500 shares of the mining company’s stock worth $41,000 after buying an additional 10,000 shares during the period. Royal Bank of Canada raised its holdings in Endeavour Silver by 49.1% during the first quarter. Royal Bank of Canada now owns 9,017 shares of the mining company’s stock worth $43,000 after acquiring an additional 2,971 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Endeavour Silver during the first quarter worth about $49,000. Institutional investors and hedge funds own 23.64% of the company’s stock.

Endeavour Silver Company Profile

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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 the Terronera property in Jalisco, the El Compas property, the Guanacevi Mine in Durango, Bolanitos Mines in Guanajuato, and the Parral project in Chihuahua, Mexico.