Do Analysts Think Endeavour Silver Corp. (EXK) Is Still Worth Buying In 2024?

Endeavour Silver Corp. (NYSE:EXK) does about 4.72M shares in volume on a normal day but saw 10748463 shares change hands in Monday trading. The company now has a market cap of 571.11M USD. Its current market price is $2.86, marking an increase of 1.06% compared to the previous close of $2.83. The 52 week high reached by this stock is $4.55 whilst the lowest price level in 52 weeks is $1.42.

Endeavour Silver Corp. (EXK) has a 20-day trading average at $2.34 and the current price is -37.14% off the 52-week high compared with 101.41% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.89 and its 200-day simple moving average is $2.34. If we look at the stock’s price movements over the week, volatility stands at 8.56%, which decreases to 7.49% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 77.24 to suggest the stock is overbought.

The consensus objective for the share price is $4.11, suggesting that the stock has a potential upside of 30.41% over the period.

Endeavour Silver Corp. (EXK) stock is up 14.86% over the week and 49.74% over the past month. Its price is 45.18% year-to-date and -28.50% over the past year.

The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of $0.01 below consensus estimates by -$0.01. EXK’s earnings per share are forecast to grow by 300.00% this year and 158.30% over next year. Expected sales for next quarter are $55.22 million, which analysts say will come at $227.89 million for the current fiscal year and next year at $330.47 million. In addition, estimates put the company’s current quarterly revenue at an average of $54.89 million.

To reach the target analysts have set, the stock logically needs to grow 30.41 percent from here.

Outstanding shares total 217.25M with insiders holding 0.60% of the shares and institutional holders owning 32.42% of the company’s common stock. The company has a return on investment of 1.56% and return on equity of 1.74%. The price to earnings ratio (P/E ratio) amounts to 93.16 while the forward price to earnings ratio is 9.36. The beta has a value of 1.70. Price to book ratio is 1.61 and price to sales ratio is 2.78.