Excellon Resources Inc. to Post Q3 2018 Earnings of ($0.04) Per Share, Cormark Forecasts (EXN)

Excellon Resources Inc. (TSE:EXN) – Analysts at Cormark dropped their Q3 2018 earnings per share estimates for shares of Excellon Resources in a research note issued to investors on Tuesday, October 16th. Cormark analyst R. Gray now expects that the company will post earnings per share of ($0.04) for the quarter, down from their prior forecast of $0.05.

Excellon Resources (TSE:EXN) last posted its quarterly earnings data on Monday, July 30th. The company reported C$0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.03 by C($0.01). The company had revenue of C$12.75 million for the quarter. Excellon Resources had a negative return on equity of 100.13% and a negative net margin of 83.17%.

Separately, Pi Financial reduced their price objective on shares of Excellon Resources from C$2.15 to C$2.00 in a research report on Friday, September 7th.

TSE:EXN opened at C$0.89 on Thursday. Excellon Resources has a fifty-two week low of C$0.86 and a fifty-two week high of C$2.22.

About Excellon Resources

Excellon Resources Inc, a silver mining and exploration company, engages in the acquisition, exploration, development, and mining of mineral properties in Mexico and Canada. The company explores for silver-lead and silver-zinc concentrates. Its principal properties include the Platosa property covering a total area of approximately 20,947 hectares located in northeastern Durango State, Mexico; and the Miguel Auza property covering an area of 14,000 hectares situated in the northern Fresnillo silver trend in Zacatecas, Mexico.

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Earnings History and Estimates for Excellon Resources (TSE:EXN)

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