B. Riley Decreases Earnings Estimates for Endeavour Silver

Endeavour Silver Corp. (NYSE:EXK) (TSE:EDR) – Equities researchers at B. Riley reduced their Q4 2024 earnings per share (EPS) estimates for Endeavour Silver in a note issued to investors on Wednesday, November 27th. B. Riley analyst L. Pipes now anticipates that the mining company will earn ($0.01) per share for the quarter, down from their previous estimate of $0.03. The consensus estimate for Endeavour Silver’s current full-year earnings is ($0.07) per share. B. Riley also issued estimates for Endeavour Silver’s FY2025 earnings at $0.32 EPS and FY2026 earnings at $0.46 EPS.

Endeavour Silver (NYSE:EXK) (TSE:EDR) last announced its quarterly earnings results on Tuesday, November 5th. The mining company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Endeavour Silver had a negative net margin of 13.04% and a positive return on equity of 0.97%. The business had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. During the same quarter in the previous year, the business posted ($0.04) EPS. Endeavour Silver’s quarterly revenue was up 7.9% on a year-over-year basis.

A number of other equities analysts also recently issued reports on EXK. StockNews.com upgraded Endeavour Silver to a “sell” rating in a research note on Wednesday, November 6th. Ventum Cap Mkts raised Endeavour Silver to a “strong-buy” rating in a research report on Wednesday, November 13th. HC Wainwright upped their price target on Endeavour Silver from $6.00 to $7.25 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Alliance Global Partners raised their price objective on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Endeavour Silver Stock Down 2.7 %

Shares of NYSE EXK opened at $4.14 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. Endeavour Silver has a 1 year low of $1.42 and a 1 year high of $5.67. The stock has a market capitalization of $1.02 billion, a P/E ratio of -31.81 and a beta of 1.67. The company has a 50-day moving average price of $4.54 and a 200-day moving average price of $3.97.

Hedge Funds Weigh In On Endeavour Silver

Several institutional investors have recently modified their holdings of EXK. B. Riley Wealth Advisors Inc. boosted its position in Endeavour Silver by 9.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after purchasing an additional 6,800 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Endeavour Silver by 61.6% in the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock worth $50,000 after buying an additional 7,852 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Endeavour Silver by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 14,400 shares of the mining company’s stock worth $57,000 after buying an additional 8,389 shares during the last quarter. Rathbones Group PLC grew its position in Endeavour Silver by 58.8% during the second quarter. Rathbones Group PLC now owns 22,950 shares of the mining company’s stock valued at $81,000 after buying an additional 8,500 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Endeavour Silver by 9.9% during the third quarter. Geode Capital Management LLC now owns 116,853 shares of the mining company’s stock worth $460,000 after buying an additional 10,543 shares during the last quarter. 20.06% of the stock is owned by institutional investors.

About Endeavour Silver

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.