Are Smart Investors Making the Right Decision? Endeavour Silver Corp. (EXK)

Endeavour Silver Corp. (NYSE: EXK) stock jumped 3.71% on Tuesday to $3.63 against a previous-day closing price of $3.50. With 1.82 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.32 million shares. During the session, the Silver company that operates in wider Basic Materials sector, reached to the highest price of $3.6500 whereas the lowest price it dropped to was $3.4450. The 52-week range on EXK shows that it touched its highest point at $5.78 and its lowest point at $2.47 during that stretch. It currently has a 1-year price target of $4.62. Beta for the stock currently stands at 1.37.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EXK was up-trending over the past week, with a rise of 2.25%, but this was up by 7.40% over a month. Three-month performance surged to 5.83% while six-month performance rose 16.72%. The stock lost -11.89% in the past year, while it has gained 12.04% so far this year. A look at the trailing 12-month EPS for EXK yields -0.01 with Next year EPS estimates of 0.06. For the next quarter, that number is 0.03. This implies an EPS growth rate of 964.70% for this year and 70.27% for next year.

Float and Shares Shorts:

At present, 189.24 million EXK shares are outstanding with a float of 188.36 million shares on hand for trading. On Oct 13, 2022, short shares totaled 5.61 million, which was 2.96% higher than short shares on Sep 14, 2022. In addition to Mr. Daniel W. Dickson B.Com., B.Comm, C.A., CA as the firm’s CEO & Director, Ms. Christine West CGA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 29.65% of EXK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 25.75% of EXK, in contrast to 0.70% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in EXK with 10.29% of the stake, Van Eck Associates Corp. holds 19,556,660 shares worth 19,556,660. A second-largest stockholder of EXK, ETF Managers Group LLC, holds 6,555,908 shares, controlling over 3.45% of the firm’s shares. Global X Management Co. LLC is the third largest shareholder in EXK, holding 5,344,729 shares or 2.81% stake. With a 5.19% stake in EXK, the VanEck Gold Miners ETF is the largest stakeholder. A total of 9,858,918 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 4.30% of EXK stock, is the second-largest Mutual Fund holder. It holds 8,163,600 shares valued at 26.45 million. ETFMG Prime Junior Silver ETF holds 3.31% of the stake in EXK, owning 6,283,402 shares worth 20.36 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EXK since 8 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With EXK analysts setting a high price target of $6.00 and a low target of $3.28, the average target price over the next 12 months is $4.82. Based on these targets, EXK could surge 65.29% to reach the target high and fall by -9.64% to reach the target low. Reaching the average price target will result in a growth of 32.78% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. EXK will report FY 2022 earnings on 02/26/2024. Analysts have provided yearly estimates in a range of $0.15 being high and -$0.01 being low. For EXK, this leads to a yearly average estimate of $0.07. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Endeavour Silver Corp. surprised analysts by -$0.03 when it reported -$0.02 EPS against a consensus estimate of $0.01. The surprise factor in the prior quarter was -$0.03. The average estimate for the next quarter is thus $0.05.

Summary of Insider Activity:

Insiders traded EXK stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 1,082,340 while 683,740 shares were sold.

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