Movers and SHAKERS
Endeavour Silver (EXK)(EDR:CA)
Increasing Estimates Based on Improved Mine Performance
As of April 24, 2020, Noble Capital Markets research on Endeavour Silver is published under ticker symbols (EXK and EDR:CA). The price target is in USD and based on ticker symbol EXK. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Endeavour Silver Corp is a precious metal mining company. The company is primarily engaged in silver mining and owns three high-grade, underground, silver-gold mines in Mexico. Its other business activities include acquisition, exploration, development, extraction, processing, refining and reclamation. The company is organized into four operating mining segments, Guanacevi, Bolanitos, El Cubo, and El Compas, which are located in Mexico as well as Exploration and Corporate segments. Its Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
EXK reports fourth quarter 2020 production results. Compared to the prior year period, fourth quarter silver and gold production increased 18.9% and 31.4% to 1,117,289 ounces and 12,586 ounces, respectively. Sequentially, fourth quarter silver and gold production increased 18.6% and 22.7%, respectively. On a full year basis, silver, and gold production in 2020 declined 12.6% and 4.5%, respectively, versus 2019.
Updating estimates. We are narrowing our 2020 loss estimate to $(0.07) from $(0.10) and increasing our 2021 EPS estimate to $0.20 from $0.16. The improvement in our estimates reflects operational improvements at Guanacevi and Bolanitos, partially offset by weaker performance at El Compas in the second half of the year ...
This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.