CIBC slashes price target on Endeavour Silver Corp. [EXK] – find out why.

Endeavour Silver Corp. [NYSE: EXK] jumped around 0.26 points on Monday, while shares priced at $3.83 at the close of the session, up 7.28%. The company report on December 1, 2020 that Endeavour Silver Drilling Intersects High-Grade Gold-Silver Mineralization at the Bolanitos Mine in Guanajuato, Mexico.

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Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) announces that exploration drilling continues to intersect high-grade gold-silver mineralization in the Melladito and San Bernabe vein systems at the Bolanitos mine in Guanajuato, Mexico. Since drilling resumed in June, a total of 22 holes have been drilled of which 11 holes and 22 mineralized intervals returned high grades over mineable widths (view Melladito longitudinal section here).

Drilling highlights include the following intersections along the Melladito vein:.

Endeavour Silver Corp. stock is now 58.92% up from its year-to-date (YTD) trading value. EXK Stock saw the intraday high of $3.87 and lowest of $3.50 per share. The company’s 52-week high price is 4.79, which means current price is +286.87% above from all time high which was touched on 08/05/20.

Compared to the average trading volume of 2.74M shares, EXK reached a trading volume of 2978691 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Endeavour Silver Corp. [EXK]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EXK shares is $4.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EXK stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

CIBC have made an estimate for Endeavour Silver Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 16, 2020. While these analysts kept the previous recommendation, B. Riley FBR raised their target price to Buy. The new note on the price target was released on July 21, 2020, representing the official price target for Endeavour Silver Corp. stock. On November 22, 2019, analysts decreased their price target for EXK shares from 3.25 to 3.

The Average True Range (ATR) for Endeavour Silver Corp. is set at 0.21, with the Price to Sales ratio for EXK stock in the period of the last 12 months amounting to 5.40. The Price to Book ratio for the last quarter was 4.35, with the Price to Cash per share for the same quarter was set at 0.29.

How has EXK stock performed recently?

Endeavour Silver Corp. [EXK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.32. With this latest performance, EXK shares dropped by -4.73% in over the last four-week period, additionally plugging by 90.55% over the last 6 months – not to mention a rise of 78.14% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EXK stock in for the last two-week period is set at 59.41, with the RSI for the last a single of trading hit 64.00, and the three-weeks RSI is set at 55.86 for Endeavour Silver Corp. [EXK]. The present Moving Average for the last 50 days of trading for this stock 3.51, while it was recorded at 3.67 for the last single week of trading, and 2.75 for the last 200 days.

Endeavour Silver Corp. [EXK]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Endeavour Silver Corp. [EXK] shares currently have an operating margin of -33.50 and a Gross Margin at -25.38. Endeavour Silver Corp.’s Net Margin is presently recorded at -39.75.

Return on Total Capital for EXK is now -29.05, given the latest momentum, and Return on Invested Capital for the company is -34.85. Return on Equity for this stock declined to -35.73, with Return on Assets sitting at -28.09. When it comes to the capital structure of this company, Endeavour Silver Corp. [EXK] has a Total Debt to Total Equity ratio set at 8.24. Additionally, EXK Total Debt to Total Capital is recorded at 7.61, with Total Debt to Total Assets ending up at 6.18. Long-Term Debt to Equity for the company is recorded at 5.69, with the Long-Term Debt to Total Capital now at 5.26.

Receivables Turnover for the company is 4.82 with a Total Asset Turnover recorded at a value of 0.71.Endeavour Silver Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 2.90.

Earnings analysis for Endeavour Silver Corp. [EXK]

With the latest financial reports released by the company, Endeavour Silver Corp. posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 150.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EXK.

Insider trade positions for Endeavour Silver Corp. [EXK]

There are presently around $118 million, or 26.40% of EXK stock, in the hands of institutional investors. The top three institutional holders of EXK stocks are: VAN ECK ASSOCIATES CORP with ownership of 8,341,841, which is approximately 16.495% of the company’s market cap and around 2.40% of the total institutional ownership; MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., holding 3,465,941 shares of the stock with an approximate value of $13.28 million in EXK stocks shares; and JUPITER ASSET MANAGEMENT LTD, currently with $12.58 million in EXK stock with ownership of nearly New of the company’s market capitalization.

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Positions in Endeavour Silver Corp. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 49 institutional holders increased their position in Endeavour Silver Corp. [NYSE:EXK] by around 12,538,847 shares. Additionally, 29 investors decreased positions by around 4,024,399 shares, while 17 investors held positions by with 14,314,137 shares. The mentioned changes placed institutional holdings at 30,877,383 shares, according to the latest SEC report filing. EXK stock had 27 new institutional investments in for a total of 7,554,783 shares, while 10 institutional investors sold positions of 471,480 shares during the same period.

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