Brokers Set Expectations for Endeavour Silver Corp.’s FY2024 Earnings (TSE:EDR)

Endeavour Silver Corp. (TSE:EDR) (NYSE:EXK) – Investment analysts at HC Wainwright raised their FY2024 earnings estimates for Endeavour Silver in a note issued to investors on Wednesday, April 10th. HC Wainwright analyst H. Ihle now forecasts that the company will post earnings of $0.10 per share for the year, up from their prior forecast of $0.08. The consensus estimate for Endeavour Silver’s current full-year earnings is $0.03 per share.

Endeavour Silver (TSE:EDR) (NYSE:EXK) last released its quarterly earnings results on Monday, March 11th. The company reported C$0.03 EPS for the quarter. The firm had revenue of C$68.76 million for the quarter. Endeavour Silver had a net margin of 2.98% and a return on equity of 1.74%.

A number of other equities analysts also recently weighed in on EDR. TD Securities raised shares of Endeavour Silver from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$3.75 to C$4.00 in a research note on Tuesday, January 9th. CIBC dropped their target price on shares of Endeavour Silver from C$4.50 to C$3.75 and set a “neutral” rating for the company in a research note on Wednesday, February 7th.

Endeavour Silver Trading Up 2.6 %

Shares of TSE EDR opened at C$3.96 on Thursday. Endeavour Silver has a 1-year low of C$1.94 and a 1-year high of C$6.08. The company has a market cap of C$923.12 million, a PE ratio of 99.00, a P/E/G ratio of 0.76 and a beta of 1.60. The company has a current ratio of 1.73, a quick ratio of 2.38 and a debt-to-equity ratio of 2.47. The company has a 50-day moving average of C$2.65 and a two-hundred day moving average of C$2.76.

Insiders Place Their Bets

In other Endeavour Silver news, Director Kenneth William Pickering purchased 22,500 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was acquired at an average cost of C$2.18 per share, with a total value of C$49,050.00. Insiders own 0.60% of the company’s stock.

Endeavour Silver Company Profile

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp.