Equities research analysts expect Endeavour Silver Corp (NYSE:EXK) (TSE:EDR) to report $39.19 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Endeavour Silver’s earnings. The highest sales estimate is $42.38 million and the lowest is $36.00 million. Endeavour Silver posted sales of $28.70 million in the same quarter last year, which suggests a positive year-over-year growth rate of 36.6%. The company is expected to report its next quarterly earnings results on Thursday, March 1st.
On average, analysts expect that Endeavour Silver will report full-year sales of $39.19 million for the current year, with estimates ranging from $145.00 million to $165.50 million. For the next financial year, analysts anticipate that the company will post sales of $172.94 million per share, with estimates ranging from $155.23 million to $202.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Endeavour Silver.
Several research analysts have recently weighed in on EXK shares. HC Wainwright restated a “buy” rating and set a $6.00 target price on shares of Endeavour Silver in a report on Friday, November 3rd. Zacks Investment Research upgraded Endeavour Silver from a “strong sell” rating to a “hold” rating in a report on Friday, October 20th. Noble Financial restated a “buy” rating on shares of Endeavour Silver in a report on Thursday, January 11th. BMO Capital Markets started coverage on Endeavour Silver in a report on Friday, November 17th. They set a “market perform” rating on the stock. Finally, ValuEngine cut Endeavour Silver from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.94.
Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of Endeavour Silver by 666.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 335,238 shares of the mining company’s stock valued at $1,023,000 after buying an additional 291,507 shares during the period. Ninepoint Partners LP purchased a new stake in shares of Endeavour Silver during the 3rd quarter valued at approximately $1,924,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Endeavour Silver during the 2nd quarter valued at approximately $361,000. Global X MANAGEMENT CO LLC raised its position in shares of Endeavour Silver by 8.2% during 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 buying an additional 122,180 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of Endeavour Silver by 11.2% during 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 buying an additional 944,317 shares during the period. 21.70% of the stock is currently owned by hedge funds and other institutional investors.
About Endeavour Silver
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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