Section 1: Company Fundamentals

1.1 Company Overview and Performance summary

Company Overview:

Endeavour Silver Corp. (NYSE: EXK) is a Canada-based precious metals mining company. The Company is engaged in silver mining in Mexico and related activities, including property acquisition, exploration, development, mineral extraction, processing, refining and reclamation. The Company operates two high-grade underground silver-gold mines in Mexico.

This US Daily Report covers the Company Overview & Price performance, Summary table, Key positives & negatives, Company details, technical guidance & Stock recommendation, and Price chart.

Price Performance:

• EXK's share price has corrected by 18.77% in the past three months. Moreover, in the long term, the stock has corrected by 14.85% over the past year.
• The stock is currently trading near to the lower end of its 52-week range of USD 55 and 52-week low price of USD 2.47, with the expectations of an upside movement from the current levels.
• The price is currently below its short-term (50-day) SMA and long-term (200-day) SMA, with the current oversold RSI of around 25.94.

1.2 Summary Table

1.3 The Key Positives & Negatives

1.4 Key Metrics:

EXK has higher short-term liquidity as compared to the industry median. EXK has a current ratio of 3.02x in Q1FY23 as compared to the industry median of 2.54x. While EXK has a lower balance sheet risk with a Debt-to-Equity ratio of 0.04x in Q1FY23 compared to the industry median of 0.22x.

Section 2: Endeavour Silver Corporation (“BUY” at the closing market price of USD 2.81 as of June 23, 2023)

2.1 Company Details

2.2 Valuation and Technical Guidance

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is June 23, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.

Disclaimer

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