Movers and SHAKERS
Endeavour Silver (EXK)(EDR:CA)
Updating Estimates based on 2021 Production and Cost Guidance
As of April 24, 2020, Noble Capital Markets research on Endeavour Silver is published under ticker symbols (EXK and EDR:CA). The price target is in USD and based on ticker symbol EXK. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. 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. The company is organized into four operating mining segments, Guanacevi, Bolanitos, El Cubo, and El Compas, which are located in Mexico as well as Exploration and Corporate segments. Its Exploration segment consists of projects in the exploration and evaluation phases in Mexico and Chile.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Guidance for 2021. Endeavour Silver released 2021 production and cost guidance. The company expects to produce between 3.6 million and 4.3 million ounces of silver and 31,000 to 35,500 ounces of gold, or 6.1 million to 7.1 million ounces of silver equivalent. Endeavour also provided its 2021 capital and exploration budgets for its three operating mines.
Updating estimates. We have adjusted our 2020 loss per share estimate to $(0.10) from $(0.07) and our 2021 EPS estimate to $0.14 from $0.20. Our earnings revisions are based on lower production and narrower operating margin. For 2021, we forecast silver and gold production of 4.3 million ounces and 34.1 thousand ounces, respectively. We project 2020 and 2021 EBITDA of $22.2 million and ...
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 the 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.