National Bank Financial Weighs in on Endeavour Silver Corp’s Q4 2017 Earnings (EXK)

Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) – Equities research analysts at National Bank Financial upped their Q4 2017 EPS estimates for Endeavour Silver in a research report issued on Wednesday. National Bank Financial analyst S. Nagle now expects that the mining company will post earnings per share of ($0.01) for the quarter, up from their previous forecast of ($0.02). National Bank Financial also issued estimates for Endeavour Silver’s FY2018 earnings at ($0.02) EPS.

Other equities analysts have also issued research reports about the stock. HC Wainwright reiterated a “buy” rating and issued a $6.00 target price on shares of Endeavour Silver in a research report on Thursday, January 11th. ValuEngine lowered shares of Endeavour Silver from a “hold” rating to a “sell” rating in a research report on Friday. Noble Financial reiterated a “buy” rating on shares of Endeavour Silver in a research report on Wednesday, October 11th. Zacks Investment Research upgraded shares of Endeavour Silver from a “strong sell” rating to a “hold” rating in a research report on Friday, October 20th. Finally, BMO Capital Markets began coverage on shares of Endeavour Silver in a research report on Friday, November 17th. They issued a “market perform” rating for the company. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $4.94.

Endeavour Silver (EXK) opened at $2.24 on Monday. The stock has a market cap of $286.22, a PE ratio of 112.00 and a beta of -0.03. Endeavour Silver has a 12-month low of $1.94 and a 12-month high of $4.90.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its earnings results on Thursday, November 2nd. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The company had revenue of $39.78 million during the quarter, compared to the consensus estimate of $35.10 million. Endeavour Silver had a net margin of 1.32% and a return on equity of 1.30%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its holdings in Endeavour Silver by 666.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 335,238 shares of the mining company’s stock valued at $1,023,000 after acquiring an additional 291,507 shares during the last quarter. Ninepoint Partners LP acquired a new stake in Endeavour Silver in the 3rd quarter valued at about $1,924,000. Cubist Systematic Strategies LLC acquired a new stake in Endeavour Silver in the 2nd quarter valued at about $361,000. Global X MANAGEMENT CO LLC lifted its holdings in Endeavour Silver by 8.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 1,617,297 shares of the mining company’s stock valued at $3,849,000 after acquiring an additional 122,180 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Endeavour Silver by 11.2% in the 3rd quarter. Van ECK Associates Corp now owns 9,370,190 shares of the mining company’s stock valued at $22,301,000 after acquiring an additional 944,317 shares during the last quarter. 21.70% of the stock is owned by institutional investors.

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Endeavour Silver Company Profile

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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