Price Action Don’t Lie: After Today’s Significant Increase, Is Endeavour Silver Corp’s Near-Term Analysis Positive?

Price Action Don't Lie: After Today's Significant Increase, Is Endeavour Silver Corp's Near Term Analysis Positive?

The stock of Endeavour Silver Corp (NYSE:EXK) is a huge mover today! About 1.56M shares traded hands. Endeavour Silver Corp (NYSE:EXK) has risen 93.23% since April 5, 2016 and is uptrending. It has outperformed by 91.27% the S&P500.
The move comes after 8 months positive chart setup for the $558.57M company. It was reported on Nov, 8 by We have $6.03 PT which if reached, will make NYSE:EXK worth $173.16 million more.

Endeavour Silver Corp (NYSE:EXK) Ratings Coverage

Out of 5 analysts covering Endeavour Silver Corp (NYSE:EXK), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Endeavour Silver Corp has been the topic of 8 analyst reports since August 24, 2015 according to StockzIntelligence Inc. IBC downgraded Endeavour Silver Corp (NYSE:EXK) on Tuesday, February 23 to “Underperformer” rating. On Tuesday, April 12 the stock rating was maintained by Rodman & Renshaw with “Buy”. The company was upgraded on Monday, August 24 by Zacks. Raymond James upgraded the shares of EXK in a report on Monday, June 27 to “Market Perform” rating. The stock of Endeavour Silver Corp (NYSE:EXK) has “Hold” rating given on Monday, March 7 by TD Securities. As per Tuesday, March 8, the company rating was downgraded by Euro Pacific Capital.

According to Zacks Investment Research, “ENDEAVOUR SILVER CORP. is a small-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico. The expansion programs now underway at Endeavour’s two operating mines, Guanacevi in Durango State and Guanajuato in Guanajuato state, coupled with the Company’s acquisition and exploration programs in Mexico should enable Endeavour to join the ranks of top primary silver producers worldwide. Endeavour stands out from other silver mining companies for the strong organic growth potential of its core assets, its high silver grades and leverage, the substantial exploration upside of its Mexican mining properties, and the significant under-utilized capacities of the Guanacevi and Bolanitos plants.”

Another recent and important Endeavour Silver Corp (NYSE:EXK) news was published by which published an article titled: “BRIEF-Endeavour Silver Corp reports Q3 silver and gold production” on October 11, 2016.

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