Movers and SHAKERS
Monday, April 15, 2019
Endeavour Silver Corporation (EXK)
Waiting for the Turnaround at Guanacevi.
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.
- EXK reports first quarter production results. Compared to the prior year period, first quarter silver and gold production declined 20.7% and 23.9% to 1,071,355 ounces and 10,055 ounces, respectively. The decline was attributed to lower silver grades at the Guanacevi mine and anticipated production declines at the Bolanitos and El Cubo mines. Compared to the fourth quarter of 2018, first quarter silver and gold production declined 22.7% and 23.3%, respectively.
- Updating estimates. While our 2020 estimates are unchanged, we are lowering our 2019 EPS and EBITDA estimates to $0.04 and $36.6 million from $0.05 and $40.1 million, respectively. Our...
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*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.