Movers and SHAKERS
Endeavour Silver (EXK)
Overhauling the Base Business and Setting the Stage for Growth
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.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
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- Weaker than expected second quarter. Endeavour reported a second quarter loss of $10.1 million, or ($0.08) per share, compared to a loss of $5.7 million, or ($0.04) per share, during the prior year period. We had projected a loss of $4.9 million, or ($0.04) per share. The variance to our estimate is attributed to higher than expected costs of production.
- Adjusting estimates. We now forecast a 2019 loss of ($0.23) per share versus our prior estimate of ($0.17). However, we have modestly increased our 2020 EPS and EBITDA estimates to...
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