Excellon Resources (NYSE:EXN) Downgraded by Zacks Investment Research

Excellon Resources (NYSE:EXN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Excellon Resources, Inc. is a mineral resource company. It principally produces silver, lead and zinc. Excellon Resources, Inc. is based in Toronto, Canada. “

NYSE EXN traded up $0.08 on Wednesday, hitting $1.53. 62,290 shares of the company were exchanged, compared to its average volume of 51,196. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.54 and a quick ratio of 1.29. Excellon Resources has a twelve month low of $1.25 and a twelve month high of $3.90. The company’s 50 day moving average price is $1.68 and its 200-day moving average price is $2.28. The firm has a market capitalization of $50.13 million and a P/E ratio of -4.14.

Excellon Resources (NYSE:EXN) last released its earnings results on Thursday, July 29th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.14). Excellon Resources had a negative net margin of 30.67% and a negative return on equity of 14.53%. The business had revenue of $9.72 million for the quarter. As a group, equities analysts expect that Excellon Resources will post -0.08 EPS for the current year.

A hedge fund recently raised its stake in Excellon Resources stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Excellon Resources Inc. (NYSE:EXN) by 11.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 530,717 shares of the company’s stock after acquiring an additional 53,937 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 1.64% of Excellon Resources worth $1,516,000 at the end of the most recent quarter. 4.71% of the stock is owned by institutional investors.

Excellon Resources Company Profile

Excellon Resources, Inc engages in the exploration and development of mineral properties. It focuses Platosa Mine property. The company was founded in 1987 and is headquartered in Toronto, Canada.

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