Month: February 2020

Research endeavour silver exk lowering estimates to reflect 2020 production guidance

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Tuesday, February 04, 2020

Endeavor Silver (EXK)

Lowering Estimates to Reflect 2020 Production Guidance

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. It is also involved in exploration activities in Chile. The company is organized into three operating mining segments, Guanacevi, Bolanitos and El Cubo, which are located in Mexico as well as Exploration and Corporate segments. The 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.

2020 production guidance. Endeavour forecasts silver production in the range of 3.0 million to 3.5 million ounces and gold production in the range of 38,000 to 44,000 ounces. In 2019, Endeavour produced 4.0 million ounces of silver and 38,907 ounces of gold. While 2020 silver production is expected to decline relative to 2019, management expects better operating and cost performance from Guanacevi and Bolanitos. On a silver equivalent basis, EXK expects to produce between 6.0 million and 7.0 million ounces compared to 7.1 million ounces in 2019.

Updating estimates. While we are making no changes to our 2019 estimates, we have revised our 2020 EPS and EBITDA estimates to $0.04 and $31.7 million from $0.08 and…



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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. 

Thirty-Something Homeownership has Declined, Have Millennials Given Up?

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Thirty-Something Homeownership has Declined, Have Millennials Given Up?

(Note: companies that
could be impacted by the content of this article are listed at the base of the
story [desktop version]. This article uses third-party references to provide a
bullish, bearish, and balanced point of view; sources are listed after the
Balanced section.)

In 1990, baby boomers whose median age was 35, owned nearly one-third of American real estate.  In 2019, the millennial generation, whose median age is 31, own only 4%.  The reasons for the sharp decline are many.  Millennials face increased debt from student loans and do not have the financial ability to take on additional debt to buy a home.  Millennials are delaying raising a family, which favors renting over buying.  Whatever the reasons, it’s clear that buying habits have changed.  The millennial generation that grew up watching the real estate and stock markets crash in 2007 is less trusting of traditional investments and more likely to focus on near-term spending.  Is the American dream of home ownership dying, or is the next generation simply taking a more realistic approach to investing?

Long Story Short: Renting over buying is fine, but spending over investing is not.

Posted on by Admin

Thirty-Something Homeownership has Declined, Have Millennials Given Up?

(Note: companies that
could be impacted by the content of this article are listed at the base of the
story [desktop version]. This article uses third-party references to provide a
bullish, bearish, and balanced point of view; sources are listed after the
Balanced section.)

In 1990, baby boomers whose median age was 35, owned nearly one-third of American real estate.  In 2019, the millennial generation, whose median age is 31, own only 4%.  The reasons for the sharp decline are many.  Millennials face increased debt from student loans and do not have the financial ability to take on additional debt to buy a home.  Millennials are delaying raising a family, which favors renting over buying.  Whatever the reasons, it’s clear that buying habits have changed.  The millennial generation that grew up watching the real estate and stock markets crash in 2007 is less trusting of traditional investments and more likely to focus on near-term spending.  Is the American dream of home ownership dying, or is the next generation simply taking a more realistic approach to investing?