Wall Street brokerages expect Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) to post $39.19 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Endeavour Silver’s earnings, with the highest sales estimate coming in at $42.38 million and the lowest estimate coming in at $36.00 million. Endeavour Silver reported sales of $28.70 million in the same quarter last year, which indicates a positive year-over-year growth rate of 36.6%. The business is expected to report its next quarterly earnings report on Thursday, March 1st.
According to Zacks, analysts expect that Endeavour Silver will report full-year sales of $39.19 million for the current year, with estimates ranging from $145.00 million to $165.50 million. For the next fiscal year, analysts anticipate that the business will report sales of $172.94 million per share, with estimates ranging from $155.23 million to $202.60 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Endeavour Silver.
A number of research firms have recently weighed in on EXK. Noble Financial restated a “buy” rating on shares of Endeavour Silver in a report on Thursday, January 11th. HC Wainwright restated a “buy” rating and issued a $6.00 target price on shares of Endeavour Silver in a report on Thursday, January 11th. Zacks Investment Research lowered Endeavour Silver from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. ValuEngine lowered Endeavour Silver from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, BMO Capital Markets began coverage on Endeavour Silver in a report on Friday, November 17th. They issued a “market perform” rating on the stock. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $4.75.
Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in shares of Endeavour Silver by 11.2% in the third quarter. Van ECK Associates Corp now owns 9,370,190 shares of the mining company’s stock valued at $22,301,000 after purchasing an additional 944,317 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Endeavour Silver by 6.6% during the fourth quarter. Renaissance Technologies LLC now owns 4,887,000 shares of the mining company’s stock worth $11,680,000 after acquiring an additional 304,600 shares during the period. Global X Management Co. LLC lifted its holdings in Endeavour Silver by 5.0% during the fourth quarter. Global X Management Co. LLC now owns 1,698,354 shares of the mining company’s stock worth $4,059,000 after acquiring an additional 81,057 shares during the period. Global X MANAGEMENT CO LLC lifted its holdings in Endeavour Silver by 8.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 1,617,297 shares of the mining company’s stock worth $3,849,000 after acquiring an additional 122,180 shares during the period. Finally, Ninepoint Partners LP lifted its holdings in Endeavour Silver by 26.4% during the fourth quarter. Ninepoint Partners LP now owns 1,022,261 shares of the mining company’s stock worth $2,443,000 after acquiring an additional 213,800 shares during the period. Institutional investors own 21.70% of the company’s stock.
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Endeavour Silver Company Profile
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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