Why Precious Metals Mining Company Endeavour Silver Shares Are Higher Today
Portfolio Pulse from Lekha Gupta
Endeavour Silver Corp. (NYSE:EXK) shares rose after reporting Q4 FY23 results with revenue of $50.5 million, surpassing consensus estimates despite a decline from the previous year. Adjusted EBITDA and EPS also exceeded expectations, although they were lower Y/Y. The company highlighted challenges in cost management due to inflation and foreign exchange pressures but remains focused on improving productivity and is optimistic about the future production and margin expansion with the Terronera project.
March 11, 2024 | 3:01 pm
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Endeavour Silver Corp. reported better-than-expected Q4 FY23 results, with revenue and adjusted EPS surpassing consensus estimates. The company is facing cost pressures but is optimistic about future growth and margin expansion.
The positive earnings report and the company's optimistic outlook on overcoming cost pressures and future growth prospects, particularly with the Terronera project, are likely to positively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100