Endeavour Silver Corp. Shares Rise 51.7% From The Lows – But Will They Continue?

ZM Stock

In recent trading session, Endeavour Silver Corp. (NYSE:EXK) saw 0.65 million shares changing hands at last check today with its beta currently measuring 1.70. Company’s recent per share price level of $2.94 trading at -$0.06 or -2.00% at last check today assigns it a market valuation of $723.30M. That most recent trading price of EXK’s stock is at a discount of -70.75% from its 52-week high price of $5.02 and is indicating a premium of 51.7% from its 52-week low price of $1.42. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.69 million shares which gives us an average trading volume of 5.33 million if we extend that period to 3-months.

For Endeavour Silver Corp. (EXK), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.33. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.0 in the current quarter.

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Endeavour Silver Corp. (NYSE:EXK) trade information

Upright in the red during last session for losing -2.00%, in the last five days EXK remained trading in the red while hitting it’s week-highest on Friday, 08/30/24 when the stock touched $2.94 price level, adding 5.77% to its value on the day. Endeavour Silver Corp.’s shares saw a change of 49.24% in year-to-date performance and have moved -5.47% in past 5-day. Endeavour Silver Corp. (NYSE:EXK) showed a performance of -2.00% in past 30-days. Number of shares sold short was 12.45 million shares which calculate 2.28 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 5.62 to the stock, which implies a rise of 47.73% to its recent value today. Analysts have been projecting 5.25 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -78.57% in reaching the projected high whereas dropping to the targeted low would mean a loss of -78.57% for stock’s current value.

Endeavour Silver Corp. (EXK) estimates and forecasts

Statistics highlight that Endeavour Silver Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 53.93% of value to its shares in past 6 months, showing an annual growth rate of -600.00% while that of industry is 16.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 19.10% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 51.91M for the same. And 2 analysts are in estimates of company making revenue of 76.69M in the next quarter. Company posted 49.43M and 50.5M of sales in current and next quarters respectively a year earlier.

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

Insiders are in possession of 0.17% of company’s total shares while institution are holding 41.83 percent of that, with stock having share float percentage of 41.91%. Investors also watch the number of corporate investors in a company very closely, which is 41.83% institutions for Endeavour Silver Corp. that are currently holding shares of the company. VAN ECK ASSOCIATES CORP is the top institutional holder at EXK for having 24.47 million shares of worth $86.12 million. And as of 2024-06-30, it was holding 10.7547 of the company’s outstanding shares.

The second largest institutional holder is JUPITER ASSET MANAGEMENT LTD, which was holding about 10.78 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.7389 of outstanding shares, having a total worth of $37.9 million.