Wall Street brokerages expect that Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) will report sales of $34.71 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Endeavour Silver’s earnings, with the lowest sales estimate coming in at $32.50 million and the highest estimate coming in at $36.91 million. Endeavour Silver posted sales of $40.33 million during the same quarter last year, which suggests a negative year-over-year growth rate of 13.9%. The company is expected to issue its next quarterly earnings report on Thursday, May 2nd.
On average, analysts expect that Endeavour Silver will report full-year sales of $163.13 million for the current fiscal year, with estimates ranging from $137.00 million to $216.60 million. For the next year, analysts forecast that the company will post sales of $197.73 million, with estimates ranging from $145.10 million to $270.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Endeavour Silver.
Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Monday, February 25th. The mining company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.01. Endeavour Silver had a negative net margin of 8.29% and a negative return on equity of 5.70%.
Several institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its position in shares of Endeavour Silver by 9.4% during the 3rd quarter. Renaissance Technologies LLC now owns 4,423,725 shares of the mining company’s stock worth $10,219,000 after buying an additional 380,525 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Endeavour Silver by 16.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,239,291 shares of the mining company’s stock worth $4,814,000 after buying an additional 308,971 shares in the last quarter. Morgan Stanley lifted its position in shares of Endeavour Silver by 33.7% during the 3rd quarter. Morgan Stanley now owns 1,727,349 shares of the mining company’s stock worth $3,990,000 after buying an additional 435,827 shares in the last quarter. Millennium Management LLC bought a new position in shares of Endeavour Silver during the 4th quarter worth approximately $1,977,000. Finally, ETF Managers Group LLC lifted its position in shares of Endeavour Silver by 4.8% during the 4th quarter. ETF Managers Group LLC now owns 610,358 shares of the mining company’s stock worth $1,312,000 after buying an additional 28,151 shares in the last quarter. 19.47% of the stock is currently owned by hedge funds and other institutional investors.
NYSE EXK traded down $0.01 during trading hours on Friday, hitting $2.52. The company’s stock had a trading volume of 512,948 shares, compared to its average volume of 1,140,354. Endeavour Silver has a 52 week low of $1.76 and a 52 week high of $3.35. The stock has a market cap of $332.48 million, a price-to-earnings ratio of -28.00 and a beta of -0.04.
Endeavour Silver Company Profile
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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