-$0.02 Earnings Per Share Expected for Endeavour Silver Corp (EXK) This Quarter

Analysts forecast that Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) will post earnings of ($0.02) per share for the current quarter, Zacks reports. Two analysts have made estimates for Endeavour Silver’s earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.02). Endeavour Silver reported earnings per share of $0.02 during the same quarter last year, which suggests a negative year over year growth rate of 200%. The business is scheduled to report its next earnings report on Monday, February 25th.

On average, analysts expect that Endeavour Silver will report full year earnings of ($0.06) per share for the current year, with EPS estimates ranging from ($0.09) to $0.00. For the next fiscal year, analysts anticipate that the business will report earnings of $0.08 per share, with EPS estimates ranging from $0.06 to $0.09. Zacks Investment Research’s EPS 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 announced its quarterly earnings data on Wednesday, October 31st. The mining company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The firm had revenue of $37.58 million during the quarter, compared to analysts’ expectations of $38.74 million. Endeavour Silver had a negative net margin of 3.86% and a negative return on equity of 2.44%.

A number of research firms have commented on EXK. HC Wainwright reaffirmed a “buy” rating and set a $3.25 target price on shares of Endeavour Silver in a report on Friday. Zacks Investment Research raised shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 1st. Roth Capital assumed coverage on shares of Endeavour Silver in a research note on Tuesday, December 11th. They set a “buy” rating and a $2.50 target price for the company. ValuEngine raised shares of Endeavour Silver from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Endeavour Silver in a research note on Thursday, November 1st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Endeavour Silver presently has an average rating of “Hold” and a consensus target price of $3.25.

NYSE:EXK traded down $0.02 during trading hours on Friday, reaching $2.21. 16,255 shares of the stock were exchanged, compared to its average volume of 947,855. Endeavour Silver has a 52 week low of $1.76 and a 52 week high of $3.35. The company has a market cap of $296.36 million, a PE ratio of 27.75 and a beta of -0.16.

A number of large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its position in shares of Endeavour Silver by 81.9% during the third quarter. Jane Street Group LLC now owns 70,274 shares of the mining company’s stock valued at $162,000 after buying an additional 31,651 shares during the last quarter. Global X Management Co LLC lifted its position in shares of Endeavour Silver by 5.2% during the second quarter. Global X Management Co LLC now owns 1,918,087 shares of the mining company’s stock valued at $5,984,000 after buying an additional 94,233 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of Endeavour Silver during the second quarter valued at about $406,000. Renaissance Technologies LLC lifted its position in shares of Endeavour Silver by 9.4% during the third quarter. Renaissance Technologies LLC now owns 4,423,725 shares of the mining company’s stock valued at $10,219,000 after buying an additional 380,525 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Endeavour Silver by 33.7% during the third quarter. Morgan Stanley now owns 1,727,349 shares of the mining company’s stock valued at $3,990,000 after buying an additional 435,827 shares during the last quarter. 19.45% of the stock is owned by institutional investors.

About Endeavour Silver

Endeavour Silver Corp., a mid-tier precious metals mining company, engages in the mining, evaluation, acquisition, exploration, development, extraction, processing, refining, and reclamation of silver in Mexico and Chile. The company also explores for gold deposits. It owns interests in the Guanaceví mine located in the Guanaceví district, Durango, Mexico; and the Bolañitos and El Cubo silver-gold mines located in the northern parts of the Guanajuato and La Luz silver districts in the state of Guanajuato, Mexico.

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