Excellon Resources’ (EXN) “Buy” Rating Reiterated at Pi Financial

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Excellon Resources (TSE:EXN)‘s stock had its “buy” rating reiterated by stock analysts at Pi Financial in a report issued on Tuesday, BayStreet.CA reports. They presently have a C$1.20 price target on the stock, up from their prior price target of C$1.00. Pi Financial’s target price indicates a potential upside of 41.18% from the company’s previous close. Pi Financial also issued estimates for Excellon Resources’ Q2 2020 earnings at $0.00 EPS, Q3 2020 earnings at $0.00 EPS, Q4 2020 earnings at $0.00 EPS, FY2020 earnings at ($0.06) EPS and FY2021 earnings at $0.06 EPS.

Separately, Cormark dropped their price target on Excellon Resources from C$1.35 to C$1.10 in a research note on Tuesday, April 7th.

Shares of EXN stock traded down C$0.01 during trading on Tuesday, hitting C$0.85. The company had a trading volume of 15,936 shares, compared to its average volume of 247,251. The firm has a market capitalization of $139.05 million and a P/E ratio of -8.50. Excellon Resources has a one year low of C$0.31 and a one year high of C$1.51. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.47 and a current ratio of 1.84. The stock’s 50-day moving average price is C$0.61 and its 200 day moving average price is C$0.74.

Excellon Resources (TSE:EXN) last announced its quarterly earnings data on Monday, March 30th. The company reported C($0.01) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.01). The company had revenue of C$8.47 million during the quarter. On average, research analysts anticipate that Excellon Resources will post 0.04 earnings per share for the current fiscal year.

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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