Last Updated: 10 Nov 2024
Executive Summary
Endeavour Silver Corp. (EXK) is a silver and gold mining company headquartered in Vancouver, Canada. The company has a market capitalization of $1.14 billion and trades on the NYSE.
Endeavour Silver has a strong financial position with positive EBITDA and a low debt-to-equity ratio. However, the company is currently unprofitable and has a negative EPS.
The technical analysis of Endeavour Silver's stock price shows that the stock is currently trading above its 50-day and 200-day moving averages. The stock has also recently broken out of a downward trendline, which is a bullish sign.
Company Overview
Endeavour Silver is a mid-tier silver and gold mining company with operations in Mexico and Chile. The company's principal assets are the Guanacevi Mine in Mexico and the El Cubo Mine in Chile.
Endeavour Silver has a strong track record of production and has been increasing its production in recent years. In 2023, the company produced 11.6 million ounces of silver and 60,000 ounces of gold.
Fundamental Analysis
Endeavour Silver has a strong financial position with positive EBITDA and a low debt-to-equity ratio. However, the company is currently unprofitable and has a negative EPS.
The company's revenue has been growing in recent years, but its costs have also been increasing. This has led to a decline in the company's profit margin.
Endeavour Silver's return on assets and return on equity are both negative, which indicates that the company is not currently using its assets or equity effectively.
Technical Analysis
The technical analysis of Endeavour Silver's stock price shows that the stock is currently trading above its 50-day and 200-day moving averages. The stock has also recently broken out of a downward trendline, which is a bullish sign.
The stock's relative strength index (RSI) is currently at 55, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for Endeavour Silver is positive. The stock is currently trading above its moving averages and has recently broken out of a downward trendline. The RSI is also indicating that the stock is not overbought.
Long Term Outlook
The long-term outlook for Endeavour Silver is also positive. The company has a strong financial position and a track record of increasing production. The company is also benefiting from the rising price of silver.
Analyst Recommendations
The consensus analyst recommendation for Endeavour Silver is a buy. Four analysts have a buy rating on the stock, and one analyst has a hold rating. The average analyst target price is $6.06.
Conclusion
Endeavour Silver is a solid investment for investors who are looking for exposure to the silver market. The company has a strong financial position, a track record of increasing production, and a positive outlook.
