RY 136.23 1.1208% TD 82.27 1.5178% SHOP 106.7 0.1502% CNR 178.63 1.0351% ENB 48.81 0.8888% CP 120.08 1.2735% BMO 130.77 0.3222% TRI 211.67 0.408% CNQ 102.44 0.392% BN 56.39 1.2024% ATD 77.26 0.1166% CSU 3730.29 -0.3412% BNS 69.42 1.4023% CM 67.9 -0.6584% SU 49.5 0.0202% TRP 53.8 -2.0215% NGT 47.86 3.6155% WCN 233.02 0.8483% MFC 33.43 1.8276% BCE 46.5 1.087%
Endeavour Silver Corp.
EXK Details
Endeavour Silver Corp. (NYSE: EXK) is a precious metals mining company established in Canada that specialises in silver mining and related activities in Mexico, such as acquisition, exploration, development, extraction, processing, refining, and reclamation. In addition, the company is doing exploration in Chile. Parrral, Lourdes, and Guadalupe y Calvo are among the company's initiatives. The Parrral project is located in Hidalgo de Parral, Mexico's historic silver mining zone, and covers roughly 3,432 hectares of exploration land. The Lourdes project is located near San Felipe, Guanajuato, in the El Tigre mining zone. The Lourdes project encompasses 509 hectares of silver-gold veins. The Guadalupe y Calvo project is situated in the ancient silver mining district of Guadalupe y Calvo, Chihuahua, and spans around 57,000 hectares of exploration property.
Latest News:
FY21 Results:
Key Risk:
Outlook:
2022 Outlook (Source: Investors Presentation, April 2022)
Valuation Methodology: Price/Earnings Per Share Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
EXK's stock price has fallen 24.81% in the past six months and is currently leaning towards the lower end of its 52-week range of USD 3.35 to USD 7.75. We have valued the stock using the Price/Earnings-based relative valuation methodology and arrived at a target price of USD 4.85.
Considering the significant correction in the stock price, solid margins, strong Q1FY22 production results, current valuation, encouraging outlook and associated risks. We recommend a "Speculative Buy" rating on the stock at the closing price of USD 3.91, up 4.87% as of April 26, 2022.
Three-Year Technical Price Chart (April 26, 2022). Source: REFINITIV, Analysis by Kalkine Group
Technical Analysis Summary:
Technical Indicators Defined: -
Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decision should be made depending on the investors’ appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the Valuation has been achieved and subject to the factors discussed above.
Note 3: The report publishing date is as per the Pacific Time Zone.
Disclaimer
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