Wall Street brokerages expect that Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) will announce $37.86 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Endeavour Silver Corp.’s earnings, with the highest sales estimate coming in at $39.71 million and the lowest estimate coming in at $36.00 million. Endeavour Silver Corp. posted sales of $28.70 million in the same quarter last year, which suggests a positive year over year growth rate of 31.9%. The firm is scheduled to announce its next earnings report on Thursday, March 1st.
On average, analysts expect that Endeavour Silver Corp. will report full year sales of $37.86 million for the current financial year, with estimates ranging from $145.00 million to $165.50 million. For the next fiscal year, analysts expect that the firm will report sales of $175.20 million per share, with estimates ranging from $161.00 million to $187.20 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Endeavour Silver Corp..
Several analysts have recently weighed in on EXK shares. Noble Financial reaffirmed a “buy” rating on shares of Endeavour Silver Corp. in a report on Friday, August 4th. BidaskClub downgraded shares of Endeavour Silver Corp. from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. HC Wainwright reaffirmed a “buy” rating and issued a $6.00 target price on shares of Endeavour Silver Corp. in a report on Thursday, August 31st. Canaccord Genuity started coverage on shares of Endeavour Silver Corp. in a report on Thursday, September 7th. They issued a “hold” rating on the stock. Finally, Zacks Investment Research downgraded shares of Endeavour Silver Corp. from a “hold” rating to a “strong sell” rating in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.94.
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Shares of Endeavour Silver Corp. (NYSE:EXK) opened at $2.14 on Friday. The firm has a market cap of $263.62, a PE ratio of 102.50 and a beta of -0.14. Endeavour Silver Corp. has a fifty-two week low of $1.94 and a fifty-two week high of $4.90.
A number of hedge funds have recently added to or reduced their stakes in EXK. Bank of Montreal Can boosted its holdings in Endeavour Silver Corp. by 1,730.2% during the second quarter. Bank of Montreal Can now owns 2,058,260 shares of the mining company’s stock worth $6,278,000 after buying an additional 1,945,800 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Endeavour Silver Corp. by 11.2% during the third quarter. Van ECK Associates Corp now owns 9,370,190 shares of the mining company’s stock worth $22,301,000 after buying an additional 944,317 shares in the last quarter. Ninepoint Partners LP purchased a new stake in Endeavour Silver Corp. during the third quarter worth about $1,924,000. ETF Managers Group LLC purchased a new stake in Endeavour Silver Corp. during the second quarter worth about $2,361,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Endeavour Silver Corp. by 666.6% during the second quarter. Goldman Sachs Group Inc. now owns 335,238 shares of the mining company’s stock worth $1,023,000 after buying an additional 291,507 shares in the last quarter. 24.96% of the stock is currently owned by hedge funds and other institutional investors.
About Endeavour Silver Corp.
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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