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Endeavour Silver Corp. (EXK) Is A Buy According To Analysts

Endeavour Silver Corp. (NYSE:EXK) has a beta value of 1.39 and has seen 1.77 million shares traded in the last trading session. The company, currently…

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This article was originally published by The Marketing Sentinal

Endeavour Silver Corp. (NYSE:EXK) has a beta value of 1.39 and has seen 1.77 million shares traded in the last trading session. The company, currently valued at $658.34M, closed the last trade at $3.40 per share which meant it lost -$0.04 on the day or -1.16% during that session. The EXK stock price is -75.0% off its 52-week high price of $5.95 and 27.35% above the 52-week low of $2.47. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.19 million shares traded. The 3-month trading volume is 2.28 million shares.

The consensus among analysts is that Endeavour Silver Corp. (EXK) is an Overweight stock at the moment, with a recommendation rating of 2.40. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 10 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.03.

Endeavour Silver Corp. (NYSE:EXK) trade information

Sporting -1.16% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 10/31/22 when the EXK stock price touched $3.40 or saw a rise of 7.61%. Year-to-date, Endeavour Silver Corp. shares have moved -19.43%, while the 5-day performance has seen it change 0.29%. Over the past 30 days, the shares of Endeavour Silver Corp. (NYSE:EXK) have changed 12.58%. Short interest in the company has seen 5.55 million shares shorted with days to cover at 2.1.

Wall Street analysts have a consensus price target for the stock at $4.96, which means that the shares’ value could jump 31.45% from current levels. The projected low price target is $2.94 while the price target rests at a high of $7.00. In that case, then, we find that the current price level is -105.88% off the targeted high while a plunge would see the stock lose 13.53% from current levels.

Endeavour Silver Corp. (EXK) estimates and forecasts

Figures show that Endeavour Silver Corp. shares have underperformed across the wider relevant industry. The company’s shares have lost -8.36% over the past 6 months, with this year growth rate of -37.50%, compared to -32.20% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are -25.00% and 166.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 15.50%.

4 analysts offering their estimates for the company have set an average revenue estimate of $35.88 million for the current quarter. 3 have an estimated revenue figure of $44.29 million for the next quarter concluding in Sep 2022. Year-ago sales stood $47.66 million and $34.56 million respectively for this quarter and the next, and analysts expect sales will shrink by -24.70% for the current quarter and 28.10% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 20.00% over the past 5 years.

EXK Dividends

Endeavour Silver Corp. is expected to release its next earnings report between November 07 and November 11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Endeavour Silver Corp. (NYSE:EXK)’s Major holders

Insiders own 0.68% of the company shares, while shares held by institutions stand at 30.08% with a share float percentage of 30.29%. Investors are also buoyed by the number of investors in a company, with Endeavour Silver Corp. having a total of 173 institutions that hold shares in the company. The top two institutional holders are Van Eck Associates Corporation with over 17.95 million shares worth more than $83.46 million. As of Mar 30, 2022, Van Eck Associates Corporation held 9.47% of shares outstanding.

The other major institutional holder is Jupiter Asset Management Limited, with the holding of over 5.29 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $24.62 million and represent 2.79% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. As of Jun 29, 2022, the former fund manager holds about 5.06% shares in the company for having 9.59 million shares of worth $30.12 million while later fund manager owns 7.92 million shares of worth $24.86 million as of Jun 29, 2022, which makes it owner of about 4.18% of company’s outstanding stock.

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