Connect with us

Precious Metals

Is Endeavour Silver Corp. (NYSE: EXK) Stock On Course For Another Boom Or Bust?

During the last session, Endeavour Silver Corp. (NYSE:EXK)’s traded shares were 2.96 million, with the beta value of the company hitting 1.41. At the…

Share this article:

Published

on

This article was originally published by The Marketing Sentinal

During the last session, Endeavour Silver Corp. (NYSE:EXK)’s traded shares were 2.96 million, with the beta value of the company hitting 1.41. At the end of the trading day, the stock’s price was $3.66, reflecting an intraday gain of 3.39% or $0.12. The 52-week high for the EXK share is $5.95, that puts it down -62.57 from that peak though still a striking 32.51% gain since the share price plummeted to a 52-week low of $2.47. The company’s market capitalization is $662.20M, and the average intraday trading volume over the past 10 days was 3.21 million shares, and the average trade volume was 2.30 million shares over the past three months.

Endeavour Silver Corp. (EXK) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.40. EXK has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.03.

Endeavour Silver Corp. (NYSE:EXK) trade information

Endeavour Silver Corp. (EXK) registered a 3.39% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.39% in intraday trading to $3.66 this Thursday, 10/06/22, hitting a weekly high. The stock’s 5-day price performance is 27.53%, and it has moved by 24.49% in 30 days. Based on these gigs, the overall price performance for the year is -8.96%. The short interest in Endeavour Silver Corp. (NYSE:EXK) is 5.55 million shares and it means that shorts have 2.1 day(s) to cover.

The consensus price target of analysts on Wall Street is $5.11, which implies an increase of 28.38% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.91 and $8.00 respectively. As a result, EXK is trading at a discount of -118.58% off the target high and 20.49% off the low.

Endeavour Silver Corp. (EXK) estimates and forecasts

Statistics show that Endeavour Silver Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Endeavour Silver Corp. (EXK) shares have gone down -19.03% during the last six months, with a year-to-date growth rate more than the industry average at -12.50% against -36.60. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -25.00% this quarter and then jump 166.70% in the quarter after that. In the rating firms’ projections, revenue will increase 15.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $35.88 million as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $44.29 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $47.66 million and $34.56 million respectively. In this case, analysts expect current quarter sales to shrink by -24.70% and then jump by 28.10% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 20.00%. While earnings are projected to return 964.70% in 2022.

EXK Dividends

Endeavour Silver Corp. is due to release its next quarterly earnings between November 07 and November 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Endeavour Silver Corp. insiders own 0.68% of total outstanding shares while institutional holders control 30.08%, with the float percentage being 30.29%. Van Eck Associates Corporation is the largest shareholder of the company, while 173 institutions own stock in it. As of Mar 30, 2022, the company held over 17.95 million shares (or 9.47% of all shares), a total value of $83.46 million in shares.

The next largest institutional holding, with 5.29 million shares, is of Jupiter Asset Management Limited’s that is approximately 2.79% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $24.62 million.

Also, the Mutual Funds coming in first place with the largest holdings of Endeavour Silver Corp. (EXK) shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. Data provided on Jun 29, 2022 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 9.59 million shares. This amounts to just over 5.06 percent of the company’s overall shares, with a $30.12 million market value. The same data shows that the other fund manager holds slightly less at 7.92 million, or about 4.18% of the stock, which is worth about $24.86 million.

nyse

Share this article:

Canadian Silver Co. Will See Big Changes in 2024

Source: Michael Ballanger 12/22/2023

Michael Ballanger of GGM Advisory Inc. takes a look at the current state of the market and shares on stock…

Share this article:

Published

on

By

Continue Reading

EGR options out Urban Berry project in Quebec to Harvest Gold – Richard Mills

2023.12.23
EGR Exploration Ltd. (TSXV: EGR) has moved from owner to shareholder at its Urban Berry project in Quebec, this week announcing it is optioning…

Share this article:

Published

on

Continue Reading
Economics

Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar

Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar

A weird week of macro data – strong jobless claims but…

Share this article:

Published

on

Continue Reading

Trending