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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.
Refer to full report for price target, fundamental analysis and rating.
- 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...
*Analyst certification and important disclosures included in 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.