Stock On Watch: Time to Buy Endeavour Silver Corp After Today’s Significant Decline?

Stock On Watch: Time to Buy Endeavour Silver Corp After Today's Significant Decline?

The stock of Endeavour Silver Corp (NYSE:EXK) is a huge mover today! About 2.71 million shares traded hands. Endeavour Silver Corp (NYSE:EXK) has risen 159.30% since March 2, 2016 and is uptrending. It has outperformed by 151.04% the S&P500.
The move comes after 8 months negative chart setup for the $484.64M company. It was reported on Oct, 6 by We have $3.81 PT which if reached, will make NYSE:EXK worth $58.16 million less.

Analysts await Endeavour Silver Corp (NYSE:EXK) to report earnings on November, 7.

Endeavour Silver Corp (NYSE:EXK) Ratings Coverage

Out of 4 analysts covering Endeavour Silver Corp (NYSE:EXK), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Endeavour Silver Corp has been the topic of 7 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The rating was downgraded by IBC on Tuesday, February 23 to “Underperformer”. The firm has “Buy” rating by Rodman & Renshaw given on Tuesday, April 12. The stock of Endeavour Silver Corp (NYSE:EXK) earned “Market Perform” rating by Raymond James on Monday, June 27. The stock has “Hold” rating given by TD Securities on Monday, March 7. The rating was downgraded by Euro Pacific Capital on Tuesday, March 8 to “Sell”. The rating was upgraded by Zacks to “Sell” on Monday, August 24.

According to Zacks Investment Research, “ENDEAVOUR SILVER CORP. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. The expansion programs now underway at Endeavour’s two operating mines, Guanacevi in Durango State and Guanajuato in Guanajuato state, coupled with the Company’s acquisition and exploration programs in Mexico should enable Endeavour to join the ranks of top primary silver producers worldwide. Endeavour stands out from other silver mining companies for the strong organic growth potential of its core assets, its high silver grades and leverage, the substantial exploration upside of its Mexican mining properties, and the significant under-utilized capacities of the Guanacevi and Bolanitos plants.”

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