Movers and SHAKERS
Wednesday November 06, 2019
Endeavor Silver (EXK)
Third Quarter In Line With Our Expectations; Lowering 2020 Estimates
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. It is also involved in exploration activities in Chile. The company is organized into three operating mining segments, Guanacevi, Bolanitos and El Cubo, which are located in Mexico as well as Exploration and Corporate segments. The Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Third quarter results in line with estimates. Endeavour reported a third quarter loss of $6.8 million, or ($0.05) per share, compared to a loss of $5.5 million, or ($0.04) per share during the prior year period. We had projected a loss of $6.8 million, or ($0.05) per share. Adjusted EBITDA were $1.8 million compared to $6.3 million generated during the prior year period.
- Lowering 2020 estimates. While we are making no changes to our 2019 estimates, we are lowering our 2020 EPS estimate to $0.08 per share from $0.12 due mainly to narrower margin assumptions. We now forecast...
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 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.