Endeavour Silver Corp. [NYSE: EXK] loss -2.35% or -0.04 points to close at $1.66 with a heavy trading volume of 3473446 shares. The company report on January 24, 2024 at 6:50 AM that Endeavour Silver Provides 2024 Update for the Terronera Project; Initial Production Remains on Schedule for End of 2024.
“Comprehensive reviews completed by the Project team and third-party consultants have greatly improved visibility towards initial production at Terronera later this year,” said Dan Dickson, Endeavour’s CEO. “Given the trends that we have seen at our existing Mexican operations, Terronera is being advanced against headwinds, which include a stronger Mexican Peso, ongoing inflation and tight markets for equipment and bulk materials such as steel, piping and electrical supplies. After undergoing an in-depth process, we remain confident in our commissioning schedule, our updated capital cost estimate, and our ability to address these challenges as we advance the project for the benefit of all stakeholders.”.
The daily chart for EXK points out that the company has recorded -54.14% loss over the past six months.
If we look at the average trading volume of 4.03M shares, EXK reached to a volume of 3473446 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $4.36 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 1.40. 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.
TD Securities have made an estimate for Endeavour Silver Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 09, 2024.
The Average True Range (ATR) for Endeavour Silver Corp. is set at 0.10, with the Price to Sales ratio for EXK stock in the period of the last 12 months amounting to 1.40. The Price to Book ratio for the last quarter was 0.96, with the Price to Cash per share for the same quarter was set at 0.24.
Trading performance analysis for EXK stock
Endeavour Silver Corp. [EXK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.60. With this latest performance, EXK shares dropped by -18.23% in over the last four-week period, additionally sinking by -54.14% over the last 6 months – not to mention a drop of -54.27% 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 37.50, with the RSI for the last a single of trading hit 36.02, and the three-weeks RSI is set at 38.64 for Endeavour Silver Corp. [EXK]. The present Moving Average for the last 50 days of trading for this stock 1.9772, while it was recorded at 1.7160 for the last single week of trading, and 2.7593 for the last 200 days.
Endeavour Silver Corp. [EXK]: A deeper dive into fundamental analysis
Endeavour Silver Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.87 and a Current Ratio set at 2.37.
Endeavour Silver Corp. [EXK]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Endeavour Silver Corp. posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -42.90%. 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.
An analysis of Institutional ownership at Endeavour Silver Corp. [EXK]
The top three institutional holders of EXK stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in EXK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in EXK stock with ownership which is approximately 5.8325%.
