Endeavour Silver Corp. rises amid market gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 21 2024
0mins
Should l Buy EXK?
Endeavour Silver Corp. saw a price increase of 6.12% as it crossed above its 5-day SMA, reflecting positive momentum in the stock.
The rise in Endeavour Silver's stock price is attributed to broad market strength, with the Nasdaq-100 and S&P 500 both showing gains of 0.82% and 0.60%, respectively. This broader market trend has positively influenced investor sentiment towards the stock.
As the market continues to show strength, Endeavour Silver Corp. may benefit from increased investor interest, potentially leading to further price appreciation in the near term.
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Analyst Views on EXK
Wall Street analysts forecast EXK stock price to rise
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 11.240
Low
9.00
Averages
11.74
High
14.50
Current: 11.240
Low
9.00
Averages
11.74
High
14.50
About EXK
Endeavour Silver Corp. is a Canada-based mid-tier silver producer with three operating mines in Mexico and Peru and a pipeline of exploration projects across Mexico, Chile, and the United States. The Company is engaged in silver mining and related activities including acquisition, exploration, development, extraction, processing, refining and reclamation. The Company’s Guanacevi mines is a highest-grade silver mine, which is located in Durango, Mexico. The Terronera Project, located approximately 40 kilometers (km) northeast of Puerto Vallarta in the state of Jalisco, Mexico, hosts a high-grade silver-gold mineral resource along the Terronera vein. The Kolpa operation is a silver mine located in the Huachocolpa region of Huancavelica, over 490 km southeast of Lima. Its Pitarrilla Project is an undeveloped silver, lead, and zinc project located 160 km north of Durango City, in northern Mexico. Its other exploration projects include Parral, Bruner, Aida, and Lourdes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Joint Venture Extension: SanDisk announced the extension of its joint venture with Japan's Kioxia Corp. until December 31, 2034, further solidifying their strategic partnership in storage technology and enhancing market competitiveness.
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See More
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- Supply-Demand Imbalance: The silver market has faced global deficits for four consecutive years, with a cumulative shortfall of nearly 820 million ounces from 2021 to 2025, highlighting ongoing supply pressures.
- Industrial Demand Explosion: Nearly half of global silver consumption now stems from industrial applications, particularly in solar panels and electric vehicles, underscoring silver's growing importance as a strategic industrial commodity.
- Investment Opportunities: Silver mining companies like First Majestic, Endeavour, and Pan American have seen significant stock price increases of 45%, 46%, and 19% respectively in 2026, reflecting optimistic investor sentiment towards the silver market.
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- Position Value Change: Following this sale, the value of Endeavour Silver's position decreased to $5.92 million, down $3.23 million from the previous filing, reflecting Azarias' reassessment of the company's future performance.
- Stock Performance: As of January 22, Endeavour Silver shares were priced at $13.60, representing a staggering 281% increase over the past year, significantly outperforming the S&P 500's roughly 14% gain, showcasing its strong position in the precious metals market.
- Future Outlook: Endeavour Silver anticipates silver equivalent output of 14.6 to 15.6 million ounces in 2026, with cash costs projected at $12 to $13 per ounce, as CEO Dan Dickson emphasizes that 2026 will be a pivotal turning point for the company, highlighting lower cash costs and operational leverage to support future growth.
See More
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- Silver Price Hits Record: Silver prices also reached an all-time high, with March delivery rising 7.9% to $95.54 per ounce, indicating robust performance in the precious metals market and attracting increased investor interest.
- Mining Stocks Rally: Precious metals mining stocks, including Iamgold, Hecla Mining, and Gold Fields, saw significant gains, with Iamgold up 7.5%, showcasing optimism in the precious metals sector and potentially driving future investment inflows.
- Shift in Investor Preference: Rising U.S. debt levels and increased policy unpredictability have led investors to favor gold and silver over currencies and government bonds, reflecting a sustained demand for precious metals as a safe haven.
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