Stock of the Day: Could Endeavour Silver Corp Change Direction After Today’s Significant Decline?

Stock of the Day: Could Endeavour Silver Corp Change Direction After Today's Significant Decline?

The stock of Endeavour Silver Corp (NYSE:EXK) is a huge mover today! About 1.56 million shares traded hands. Endeavour Silver Corp (NYSE:EXK) has risen 41.03% since April 14, 2016 and is uptrending. It has outperformed by 36.35% the S&P500.
The move comes after 5 months negative chart setup for the $528.14M company. It was reported on Nov, 16 by Barchart.com. We have $3.71 PT which if reached, will make NYSE:EXK worth $26.41 million less.

Endeavour Silver Corp (NYSE:EXK) Ratings Coverage

Out of 5 analysts covering Endeavour Silver Corp (NYSE:EXK), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Endeavour Silver Corp has been the topic of 8 analyst reports since August 24, 2015 according to StockzIntelligence Inc. As per Monday, March 7, the company rating was upgraded by TD Securities. The firm has “Sell” rating given on Monday, August 24 by Zacks. Euro Pacific Capital downgraded the shares of EXK in a report on Tuesday, March 8 to “Sell” rating. The firm has “Underperformer” rating given on Tuesday, February 23 by IBC. The company was upgraded on Monday, June 27 by Raymond James. The firm has “Buy” rating by Rodman & Renshaw given on Tuesday, April 12.

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.”

Another recent and important Endeavour Silver Corp (NYSE:EXK) news was published by Streetinsider.com which published an article titled: “Form 6-K ENDEAVOUR SILVER CORP For: Oct 24” on October 24, 2016.

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