Endeavour Silver Corp. (EXK) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

Endeavour Silver Corp. (NYSE: EXK) stock jumped 1.23% on Tuesday to $3.28 against a previous-day closing price of $3.24. With 1.36 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.76 million shares. During the session, the Other Precious Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $3.3050 whereas the lowest price it dropped to was $3.2000. The 52-week range on EXK shows that it touched its highest point at $4.55 and its lowest point at $2.47 during that stretch. Beta for the stock currently stands at 1.48.

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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 down-trending over the past week, with a drop of -0.30%, but this was down by -18.41% over a month. Three-month performance surged to 8.25% while six-month performance fell -2.67%. The stock lost -8.64% in the past year, while it has gained 1.23% so far this year. A look at the trailing 12-month EPS for EXK yields 0.00 with Next year EPS estimates of 0.20. For the next quarter, that number is 0.03. This implies an EPS growth rate of -59.10% for this year and 105.00% for next year.

Float and Shares Shorts:

At present, 190.28 million EXK shares are outstanding with a float of 188.36 million shares on hand for trading. On Apr 27, 2023, short shares totaled 6.08 million, which was 3.18% higher than short shares on Mar 30, 2023. 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 30.31% of EXK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.59% of EXK, in contrast to 25.46% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in EXK with 11.33% of the stake, Van Eck Associates Corp. holds 21,668,423 shares worth 21,668,423. A second-largest stockholder of EXK, ETF Managers Group LLC, holds 5,450,585 shares, controlling over 2.85% of the firm’s shares. Global X Management Co. LLC is the third largest shareholder in EXK, holding 5,350,186 shares or 2.80% stake. With a 5.63% stake in EXK, the VanEck Gold Miners ETF is the largest stakeholder. A total of 10,763,519 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 4.55% of EXK stock, is the second-largest Mutual Fund holder. It holds 8,702,061 shares valued at 33.94 million. ETFMG Prime Junior Silver ETF holds 2.95% of the stake in EXK, owning 5,634,353 shares worth 21.97 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, EXK reported revenue of $30.78M and operating income of -$849.00k. The EBITDA in the recently reported quarter was $3.48M and diluted EPS was -$0.07.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EXK since 0 analysts follow the stock currently. 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 $4.11, the average target price over the next 12 months is $5.24. Based on these targets, EXK could surge 82.93% to reach the target high and rise by 25.3% to reach the target low. Reaching the average price target will result in a growth of 59.76% 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.

Summary of Insider Activity:

Insiders traded EXK stock several times over the past three months with 4 Buys and 14 Sells. In these transactions, 258,836 shares were bought while 967,928 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 869,633 while 1,342,352 shares were sold.

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