Cormark Equities Analysts Cut Earnings Estimates for Excellon Resources Inc. (TSE:EXN)

Excellon Resources Inc. (TSE:EXN) – Research analysts at Cormark cut their Q3 2018 earnings estimates for Excellon Resources in a research report issued to clients and investors on Tuesday, October 16th, Zacks Investment Research reports. Cormark analyst R. Gray now anticipates that the company will post earnings of ($0.04) per share for the quarter, down from their prior estimate of $0.05.

Excellon Resources (TSE:EXN) last posted its earnings results on Thursday, November 1st. The company reported C($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.04) by C($0.01). The company had revenue of C$3.36 million for the quarter.

Separately, Pi Financial decreased their price target on shares of Excellon Resources from C$2.15 to C$2.00 and set a “buy” rating for the company in a report on Friday, September 28th.

Shares of TSE EXN traded down C$0.02 during midday trading on Thursday, reaching C$0.71. The company had a trading volume of 101,400 shares, compared to its average volume of 104,563. Excellon Resources has a 1 year low of C$0.68 and a 1 year high of C$2.15. The company has a quick ratio of 2.79, a current ratio of 3.19 and a debt-to-equity ratio of 1.45.

Excellon Resources Company Profile

Excellon Resources Inc, a silver mining and exploration company, engages in the acquisition, exploration, development, and mining of mineral properties in Mexico and Canada. The company explores for silver-lead and silver-zinc concentrates. Its principal properties include the Platosa property covering a total area of approximately 20,947 hectares located in northeastern Durango State, Mexico; and the Miguel Auza property covering an area of 14,000 hectares situated in the northern Fresnillo silver trend in Zacatecas, Mexico.

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Earnings History and Estimates for Excellon Resources (TSE:EXN)

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