B. Riley Predicts Weaker Earnings for Endeavour Silver

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) – Equities researchers at B. Riley decreased their FY2024 earnings per share (EPS) estimates for Endeavour Silver in a research note issued to 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.

Several other equities analysts have also issued reports on the company. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. HC Wainwright reissued a “buy” rating and issued a $7.25 price objective on shares of Endeavour Silver in a report on Monday. TD Securities assumed coverage on shares of Endeavour Silver in a research report on Friday, November 29th. They issued a “buy” rating for the company. StockNews.com raised shares of Endeavour Silver to a “sell” rating in a research report on Wednesday, November 6th. Finally, Alliance Global Partners increased their target price on shares of Endeavour Silver from $5.25 to $6.25 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. One research 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.63.

Endeavour Silver Trading Up 5.0 %

Shares of Endeavour Silver stock opened at $4.30 on Monday. The company has a fifty day simple moving average of $4.58 and a 200-day simple moving average of $3.99. Endeavour Silver has a 12-month low of $1.42 and a 12-month high of $5.67. 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 stock has a market cap of $1.06 billion, a price-to-earnings ratio of -33.04 and a beta of 1.62.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last posted its earnings results on Tuesday, November 5th. The mining company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The firm had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $54.91 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year.

Institutional Investors Weigh In On Endeavour Silver

A number of hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Endeavour Silver during the 3rd quarter worth $80,000. Barclays PLC grew its holdings in Endeavour Silver by 1,730,033.3% in the third quarter. Barclays PLC now owns 51,904 shares of the mining company’s stock valued at $205,000 after purchasing an additional 51,901 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Endeavour Silver by 9.9% in the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock valued at $460,000 after buying an additional 10,543 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Endeavour Silver during the 3rd quarter worth $261,000. Finally, National Bank of Canada FI boosted its position in shares of Endeavour Silver by 3.4% in the 3rd quarter. National Bank of Canada FI now owns 453,869 shares of the mining company’s stock worth $1,788,000 after buying an additional 15,075 shares in the last quarter. Institutional investors and hedge funds own 20.06% of the company’s stock.

About Endeavour Silver

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.