Equities analysts expect Endeavour Silver Corporation (NYSE:EXK) (TSE:EDR) to post $0.01 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Endeavour Silver’s earnings, with estimates ranging from ($0.02) to $0.03. Endeavour Silver posted earnings per share of ($0.04) during the same quarter last year, which suggests a positive year-over-year growth rate of 125%. The company is expected to announce its next quarterly earnings report on Thursday, March 1st.
On average, analysts expect that Endeavour Silver will report full year earnings of $0.06 per share for the current financial year, with EPS estimates ranging from $0.01 to $0.09. For the next year, analysts forecast that the company will report earnings of $0.23 per share, with EPS estimates ranging from $0.02 to $0.44. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Endeavour Silver.
EXK has been the topic of a number of recent analyst reports. HC Wainwright set a $6.00 price target on Endeavour Silver and gave the stock a “buy” rating in a research report on Thursday, November 16th. Noble Financial reaffirmed a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, October 11th. Canaccord Genuity initiated coverage on Endeavour Silver in a research report on Thursday, September 7th. They set a “hold” rating on the stock. Zacks Investment Research raised Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Friday, October 20th. Finally, BMO Capital Markets initiated coverage on Endeavour Silver in a research report on Friday, November 17th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Endeavour Silver has an average rating of “Hold” and a consensus target price of $4.94.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its position in shares of Endeavour Silver by 5.5% in the 2nd quarter. HighTower Advisors LLC now owns 37,200 shares of the mining company’s stock valued at $115,000 after acquiring an additional 1,925 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Endeavour Silver by 622.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 79,556 shares of the mining company’s stock valued at $194,000 after acquiring an additional 68,550 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Endeavour Silver in the 3rd quarter valued at $226,000. Pacad Investment Ltd. increased its position in shares of Endeavour Silver by 94.0% in the 2nd quarter. Pacad Investment Ltd. now owns 74,090 shares of the mining company’s stock valued at $226,000 after acquiring an additional 35,900 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Endeavour Silver in the 2nd quarter valued at $361,000. 23.26% of the stock is currently owned by hedge funds and other institutional investors.
Endeavour Silver (NYSE:EXK) opened at $2.11 on Tuesday. The stock has a market capitalization of $272.76, a price-to-earnings ratio of 107.00 and a beta of -0.14. Endeavour Silver has a 12-month low of $1.94 and a 12-month high of $4.90.
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About Endeavour Silver
Endeavour Silver Corp. is engaged in silver mining in Mexico, and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company is engaged in exploration activities in Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.
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