Brokers Offer Predictions for Endeavour Silver Corp.'s FY2024 Earnings (NYSE:EXK)

Endeavour Silver Corp. (NYSE:EXK - Free Report) TSE: EDR - Analysts at HC Wainwright upped their FY2024 EPS estimates for shares of Endeavour Silver in a report released on Wednesday, April 10th. HC Wainwright analyst H. Ihle now expects that the mining company will earn $0.07 per share for the year, up from their previous estimate of $0.06. HC Wainwright currently has a "Buy" rating and a $6.00 target price on the stock. The consensus estimate for Endeavour Silver's current full-year earnings is $0.06 per share.

Endeavour Silver (NYSE:EXK - Get Free Report) TSE: EDR last posted its quarterly earnings data on Monday, March 11th. The mining company reported $0.02 earnings per share for the quarter. Endeavour Silver had a net margin of 2.98% and a return on equity of 2.28%. The company had revenue of $50.50 million for the quarter. During the same period last year, the company earned $0.04 earnings per share.

A number of other analysts have also weighed in on the stock. StockNews.com raised shares of Endeavour Silver to a "sell" rating in a research report on Friday, February 23rd. TD Securities raised shares of Endeavour Silver from a "hold" rating to a "buy" rating in a research report on Tuesday, January 9th.

Endeavour Silver Trading Down 1.7 %

Endeavour Silver stock traded down $0.05 during midday trading on Thursday, reaching $2.85. The stock had a trading volume of 6,470,254 shares, compared to its average volume of 4,895,386. The company has a quick ratio of 1.26, a current ratio of 1.73 and a debt-to-equity ratio of 0.01. Endeavour Silver has a 52-week low of $1.42 and a 52-week high of $4.55. The firm has a market cap of $684.97 million, a price-to-earnings ratio of 142.57 and a beta of 1.69. The company has a fifty day moving average of $1.98 and a 200 day moving average of $2.04.

Hedge Funds Weigh In On Endeavour Silver

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in shares of Endeavour Silver by 49.1% during the first quarter. Royal Bank of Canada now owns 9,017 shares of the mining company's stock valued at $43,000 after purchasing an additional 2,971 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Endeavour Silver by 7.6% during the first quarter. Commonwealth Equity Services LLC now owns 44,064 shares of the mining company's stock valued at $170,000 after purchasing an additional 3,100 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its stake in shares of Endeavour Silver by 6.8% during the first quarter. BNP Paribas Arbitrage SNC now owns 66,595 shares of the mining company's stock valued at $258,000 after purchasing an additional 4,251 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Endeavour Silver by 20.3% during the first quarter. HighTower Advisors LLC now owns 26,635 shares of the mining company's stock valued at $104,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Endeavour Silver by 6.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 77,800 shares of the mining company's stock valued at $189,000 after purchasing an additional 4,500 shares in the last quarter. 20.06% of the stock is currently 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.