Cormark Brokers Lower Earnings Estimates for Excellon Resources Inc. (TSE:EXN)

Excellon Resources Inc. (TSE:EXN) – Stock analysts at Cormark cut their Q4 2019 EPS estimates for Excellon Resources in a research note issued to investors on Thursday, November 7th. Cormark analyst R. Gray now forecasts that the company will post earnings of ($0.01) per share for the quarter, down from their prior forecast of $0.01. Cormark also issued estimates for Excellon Resources’ FY2020 earnings at $0.03 EPS.

Separately, Pi Financial cut Excellon Resources from a “buy” rating to a “neutral” rating and raised their price target for the company from C$1.00 to C$1.15 in a report on Wednesday, July 24th.

TSE EXN opened at C$0.90 on Friday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.00 and a current ratio of 1.41. The business’s fifty day moving average is C$0.98 and its 200 day moving average is C$0.95. The company has a market capitalization of $106.12 million and a PE ratio of -6.47. Excellon Resources has a fifty-two week low of C$0.59 and a fifty-two week high of C$1.51.

About Excellon Resources

Excellon Resources Inc, a silver mining and exploration company, engages in the acquisition, exploration, development, and mining of mineral properties in Mexico and Canada. The company explores for silver-lead and silver-zinc concentrates. Its principal properties include the Platosa property covering a total area of approximately 20,947 hectares located in northeastern Durango State, Mexico; and the Miguel Auza property covering an area of 14,000 hectares situated in the northern Fresnillo silver trend in Zacatecas, Mexico.

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Earnings History and Estimates for Excellon Resources (TSE:EXN)

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