FY2022 EPS Estimates for Endeavour Silver Corp. Lifted by Analyst (NYSE:EXK)

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) – Analysts at B. Riley increased their FY2022 earnings estimates for Endeavour Silver in a report issued on Tuesday, November 23rd. B. Riley analyst L. Pipes now expects that the mining company will post earnings of $0.56 per share for the year, up from their previous forecast of $0.54. B. Riley also issued estimates for Endeavour Silver’s FY2023 earnings at $0.56 EPS.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Monday, November 8th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.05). The company had revenue of $34.56 million for the quarter, compared to analyst estimates of $40.63 million. Endeavour Silver had a return on equity of 5.55% and a net margin of 19.34%.

EXK has been the topic of several other research reports. Roth Capital cut their price objective on Endeavour Silver from $6.50 to $6.25 and set a “buy” rating on the stock in a report on Tuesday, September 14th. TD Securities cut their price objective on Endeavour Silver from C$8.00 to C$7.00 and set a “hold” rating on the stock in a report on Wednesday, August 11th. CIBC cut their price objective on Endeavour Silver from C$8.25 to C$8.00 and set a “neutral” rating on the stock in a report on Wednesday, November 10th. BMO Capital Markets lifted their price objective on Endeavour Silver from C$5.25 to C$6.00 and gave the company a “market perform” rating in a report on Wednesday, November 10th. Finally, HC Wainwright lifted their price objective on Endeavour Silver from $7.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, November 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Endeavour Silver has a consensus rating of “Hold” and an average target price of $6.98.

Endeavour Silver stock opened at $5.10 on Thursday. The firm has a market capitalization of $869.35 million, a P/E ratio of 24.29 and a beta of 1.40. Endeavour Silver has a 1 year low of $3.25 and a 1 year high of $7.76. The business has a 50-day moving average of $4.80 and a 200-day moving average of $5.37. The company has a current ratio of 4.97, a quick ratio of 4.03 and a debt-to-equity ratio of 0.02.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in Endeavour Silver by 28.7% in the 1st quarter. Royal Bank of Canada now owns 7,082 shares of the mining company’s stock valued at $35,000 after acquiring an additional 1,581 shares in the last quarter. Credit Suisse AG lifted its stake in Endeavour Silver by 1.3% in the 3rd quarter. Credit Suisse AG now owns 131,748 shares of the mining company’s stock valued at $539,000 after acquiring an additional 1,744 shares in the last quarter. Paloma Partners Management Co lifted its stake in Endeavour Silver by 9.3% in the 2nd quarter. Paloma Partners Management Co now owns 28,635 shares of the mining company’s stock valued at $175,000 after acquiring an additional 2,436 shares in the last quarter. Profund Advisors LLC lifted its stake in Endeavour Silver by 22.7% in the 2nd quarter. Profund Advisors LLC now owns 16,016 shares of the mining company’s stock valued at $98,000 after acquiring an additional 2,961 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Endeavour Silver by 16.8% in the 2nd quarter. Toronto Dominion Bank now owns 24,873 shares of the mining company’s stock valued at $153,000 after acquiring an additional 3,575 shares in the last quarter. Hedge funds and other institutional investors own 26.02% of the company’s stock.

About Endeavour Silver

Endeavour Silver Corp. operates as a mineral company. It engages in the evaluation, acquisition, exploration, development and exploitation of precious metal properties in Mexico and Chile. The firm’s projects include Terronera property in Jalisco, El Compas property, Guanacevi Mine in Durango, Bolanitos Mines in Guanajuato, and Parral project in Chihuahua, Mexico.

See Also: Hedge Funds Explained

Earnings History and Estimates for Endeavour Silver (NYSE:EXK)

Receive News & Ratings for Endeavour Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endeavour Silver and related companies with MarketBeat.com's FREE daily email newsletter.