Q2 2023 Earnings Forecast for Endeavour Silver Corp. Issued By B. Riley (TSE:EDR)

Endeavour Silver Corp. (TSE:EDR – Get Rating) (NYSE:EXK) – Research analysts at B. Riley reduced their Q2 2023 earnings per share (EPS) estimates for Endeavour Silver in a report released on Wednesday, May 17th. B. Riley analyst L. Pipes now forecasts that the company will earn $0.05 per share for the quarter, down from their previous estimate of $0.08. The consensus estimate for Endeavour Silver’s current full-year earnings is $0.08 per share. B. Riley also issued estimates for Endeavour Silver’s Q3 2023 earnings at $0.05 EPS, Q4 2023 earnings at $0.05 EPS, FY2023 earnings at $0.22 EPS and FY2024 earnings at $0.31 EPS.

Endeavour Silver (TSE:EDR – Get Rating) (NYSE:EXK) last released its earnings results on Thursday, March 2nd. The company reported C$0.05 earnings per share for the quarter. Endeavour Silver had a net margin of 0.48% and a return on equity of 0.32%. The business had revenue of C$111.32 million during the quarter, compared to analysts’ expectations of C$48.71 million.

Several other equities research analysts also recently issued reports on the stock. Pi Financial upgraded shares of Endeavour Silver from a “neutral” rating to a “buy” rating and raised their target price for the company from C$4.40 to C$5.00 in a research note on Tuesday, February 7th. TD Securities cut their price objective on Endeavour Silver from C$5.50 to C$4.75 and set a “hold” rating for the company in a research report on Friday, March 3rd. Finally, CIBC boosted their target price on Endeavour Silver from C$6.50 to C$7.00 in a report on Monday, April 17th.

Endeavour Silver Stock Performance

Shares of EDR opened at C$4.39 on Monday. The company has a market cap of C$840.69 million, a PE ratio of -439.00, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. The firm has a 50-day moving average of C$5.14 and a 200-day moving average of C$4.71. Endeavour Silver has a one year low of C$3.40 and a one year high of C$6.08. The company has a debt-to-equity ratio of 4.34, a current ratio of 3.02 and a quick ratio of 2.38.

Insider Buying and Selling at Endeavour Silver

In other news, Senior Officer Daniel Dickson sold 130,000 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of C$5.44, for a total transaction of C$707,200.00. Insiders own 0.70% of the company’s stock.

Endeavour Silver Company Profile

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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.