B. Riley Forecasts Weaker Earnings for Endeavour Silver

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) – Stock analysts at B. Riley cut their FY2024 earnings per share (EPS) estimates for shares of Endeavour Silver in a research report issued to clients and investors on Wednesday, November 27th. B. Riley analyst L. Pipes now forecasts that the mining company will earn $0.02 per share 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.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $54.91 million. During the same period in the prior year, the business posted ($0.04) EPS. The firm’s revenue was up 7.9% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on EXK. Ventum Cap Mkts upgraded Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. StockNews.com raised Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th. TD Securities initiated coverage on shares of Endeavour Silver in a report on Friday. They issued a “buy” rating on the stock. Alliance Global Partners upped their price objective on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, HC Wainwright reiterated a “buy” rating and set a $7.25 price target on shares of Endeavour Silver in a research report on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Stock Performance

Endeavour Silver stock opened at $4.09 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.01 billion, a P/E ratio of -31.42 and a beta of 1.67. Endeavour Silver has a 1-year low of $1.42 and a 1-year high of $5.67. The firm has a 50-day moving average of $4.57 and a 200-day moving average of $3.99.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EXK. Baader Bank Aktiengesellschaft purchased a new position in shares of Endeavour Silver during the second quarter valued at approximately $42,000. Hohimer Wealth Management LLC purchased a new position in Endeavour Silver during the second quarter valued at $42,000. Oxbow Advisors LLC bought a new stake in Endeavour Silver in the second quarter worth $51,000. Oak Family Advisors LLC purchased a new stake in shares of Endeavour Silver in the second quarter worth $55,000. Finally, Blue Trust Inc. increased its holdings in shares of Endeavour Silver by 139.6% during the third quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock valued at $57,000 after acquiring an additional 8,389 shares in the last quarter. 20.06% of the stock is owned by hedge funds and other institutional investors.

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.