Why Endeavour Silver Corp. (NYSE: EXK) Stock Should Not Be Taken For Granted By Investors In 2024

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In today’s recent session, 1.06 million shares of the Endeavour Silver Corp. (NYSE:EXK) have been traded, and its beta is 1.71. Most recently the company’s share price was $3.29, and it changed around $0.0 or 0.00% from the last close, which brings the market valuation of the company to $809.41M. EXK at last check was trading at a discount to its 52-week high of $5.02, offering almost -52.58% off that amount. The share price’s 52-week low was $1.42, which indicates that the recent value has risen by an impressive 56.84% since then. We note from Endeavour Silver Corp.’s average daily trading volume that its 10-day average is 5.83 million shares, with the 3-month average coming to 5.59 million.

Endeavour Silver Corp. stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended EXK as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Endeavour Silver Corp. is expected to report earnings per share of 0.0 for the current quarter.

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Endeavour Silver Corp. (NYSE:EXK) trade information

The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.39 on recent trading dayincreased the stock’s daily price by 2.95%. The company’s shares are currently up 67.01% year-to-date, but still up 2.17% over the last five days. On the other hand, Endeavour Silver Corp. (NYSE:EXK) is -23.84% down in the 30-day period. We can see from the shorts that 13.53 million shares have been sold at a short interest cover period of 2.46 day(s).

The consensus price target as assigned by Wall Street analysts is $5.62, which translates to bulls needing to increase their stock price by 41.46% from its current value. Analyst projections state that EXK is forecast to be at a low of $5.25 and a high of $6.

Endeavour Silver Corp. (EXK) estimates and forecasts

Endeavour Silver Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 115.03 percent over the past six months and at a -600.00% annual growth rate that is well below the industry average of 16.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 100.00% in revenue this quarter, and will report an increase of 200.00% in the next quarter. The year-over-year growth rate is expected to be 19.10%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 51.91M in revenue for the current quarter. 2 analysts expect Endeavour Silver Corp. to make 76.69M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 49.43M and 50.5M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 5.00%. Forecasts for the next quarter put sales growth at 51.90%.

EXK Dividends

Endeavour Silver Corp.’s next quarterly earnings report is expected to be released on 2024-Aug-01.

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

Upon looking at major shareholders, it appears that insiders hold 0.17% of Endeavour Silver Corp. shares, and 41.30% of them are in the hands of institutional investors. The stock currently has a share float of 41.37%. Endeavour Silver Corp. stock is held by 167.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 10.7547% of the shares, which is about 24.47 million shares worth $86.12 million.

JUPITER ASSET MANAGEMENT LTD, with 4.7389% or 10.78 million shares worth $37.9 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

VanEck ETF Trust-VanEck Junior Gold Miners ETF and VanEck ETF Trust-VanEck Gold Miners ETF were the top two Mutual Funds as of Jul 31, 2024. The former held 11.41 shares worth $37.27 million, making up 4.64% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Gold Miners ETF held roughly 10.8 shares worth around $35.28 million, which represents about 4.39% of the total shares outstanding.