FY2024 EPS Forecast for Endeavour Silver Reduced by Analyst

Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR - Analysts at B. Riley cut their FY2024 EPS estimates for Endeavour Silver in a note issued to investors on Wednesday, November 27th. B. Riley analyst L. Pipes now anticipates that the mining company will post earnings per share of $0.02 for the year, down from their previous forecast of $0.04. The consensus estimate for Endeavour Silver's current full-year earnings is ($0.08) per share.

A number of other research firms have also recently issued reports on EXK. TD Securities started coverage on Endeavour Silver in a research report on Friday. They set a "buy" rating for the company. HC Wainwright reaffirmed a "buy" rating and set a $7.25 price target on shares of Endeavour Silver in a research note on Monday. Alliance Global Partners boosted their price target on Endeavour Silver from $5.25 to $6.25 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. StockNews.com upgraded Endeavour Silver to a "sell" rating in a report on Wednesday, November 6th. Finally, Ventum Cap Mkts upgraded shares of Endeavour Silver to a "strong-buy" rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $6.63.

Endeavour Silver Stock Down 3.0 %

NYSE:EXK traded down $0.12 during trading hours on Monday, hitting $4.09. 3,900,899 shares of the company's stock traded hands, compared to its average volume of 5,532,836. Endeavour Silver has a twelve month low of $1.42 and a twelve month high of $5.67. The firm has a market cap of $1.01 billion, a P/E ratio of -31.42 and a beta of 1.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.07 and a current ratio of 1.39. The stock's fifty day moving average price is $4.57 and its two-hundred day moving average price is $3.99.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last announced its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The company had revenue of $53.40 million for the quarter, compared to the consensus estimate of $54.91 million. During the same period in the previous year, the business earned ($0.04) EPS. The company's revenue was up 7.9% on a year-over-year basis.

Hedge Funds Weigh In On Endeavour Silver

A number of institutional investors have recently modified their holdings of EXK. B. Riley Wealth Advisors Inc. lifted its position in shares of Endeavour Silver by 9.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company's stock worth $187,000 after purchasing an additional 6,800 shares during the last quarter. Virtu Financial LLC lifted its holdings in shares of Endeavour Silver by 158.3% during the first quarter. Virtu Financial LLC now owns 147,287 shares of the mining company's stock worth $355,000 after buying an additional 90,259 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new stake in shares of Endeavour Silver in the second quarter valued at approximately $42,000. Oak Family Advisors LLC acquired a new stake in shares of Endeavour Silver in the second quarter worth $55,000. Finally, Ameritas Advisory Services LLC bought a new position in Endeavour Silver during the second quarter worth $83,000. Institutional investors own 20.06% of the company's stock.

Endeavour Silver Company Profile

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