$32.66 Million in Sales Expected for Endeavour Silver Corp (EXK) This Quarter

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Equities analysts expect Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) to announce sales of $32.66 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Endeavour Silver’s earnings, with the lowest sales estimate coming in at $28.40 million and the highest estimate coming in at $36.91 million. Endeavour Silver reported sales of $40.33 million in the same quarter last year, which indicates a negative year-over-year growth rate of 19%. The business is expected to report its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Endeavour Silver will report full-year sales of $143.54 million for the current fiscal year, with estimates ranging from $137.00 million to $152.12 million. For the next fiscal year, analysts expect that the company will post sales of $161.20 million, with estimates ranging from $145.10 million to $177.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Endeavour Silver.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last released its quarterly earnings data on Monday, February 25th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.02). The company had revenue of $33.83 million during the quarter, compared to analysts’ expectations of $34.35 million. Endeavour Silver had a negative return on equity of 5.70% and a negative net margin of 8.29%.

EXK has been the topic of a number of recent research reports. Zacks Investment Research lowered Endeavour Silver from a “hold” rating to a “strong sell” rating in a research note on Monday, January 14th. Noble Financial upgraded Endeavour Silver from a “market perform” rating to an “outperform” rating and set a $3.00 target price on the stock in a research note on Monday, January 14th. HC Wainwright reiterated a “buy” rating and set a $3.25 target price on shares of Endeavour Silver in a research note on Friday, January 11th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Endeavour Silver in a research note on Friday, April 12th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $2.81.

A number of institutional investors have recently bought and sold shares of the business. Millennium Management LLC bought a new position in shares of Endeavour Silver in the 4th quarter valued at $1,977,000. Morgan Stanley increased its stake in shares of Endeavour Silver by 33.7% in the 3rd quarter. Morgan Stanley now owns 1,727,349 shares of the mining company’s stock valued at $3,990,000 after purchasing an additional 435,827 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Endeavour Silver by 9.4% in the 3rd quarter. Renaissance Technologies LLC now owns 4,423,725 shares of the mining company’s stock valued at $10,219,000 after purchasing an additional 380,525 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Endeavour Silver by 16.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,239,291 shares of the mining company’s stock valued at $4,814,000 after purchasing an additional 308,971 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Endeavour Silver in the 4th quarter valued at $187,000. Hedge funds and other institutional investors own 19.37% of the company’s stock.

Shares of NYSE EXK traded down $0.07 during trading hours on Monday, reaching $2.20. 668,959 shares of the stock were exchanged, compared to its average volume of 887,425. The firm has a market cap of $289.12 million, a P/E ratio of -24.44 and a beta of -0.05. Endeavour Silver has a 52 week low of $1.76 and a 52 week high of $3.35.

About Endeavour Silver

Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. The company also explores for gold deposits and precious metals. The company has interests in three producing silver-gold mines in Mexico, including the Guanaceví mine in Durango; the Bolañitos mine in Guanajuato; and the El Cubo mine in Guanajuato.

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