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Monday, September 23, 2019
Endeavor Silver (EXK)
Upgrading to Outperform Based on Improving Outlook
Endeavour Silver Corporation, headquartered in Vancouver, BC, is a mid-tier precious metals mining company with four underground, silver-gold mines in Mexico. The shares trade on the New York Stock Exchange under the ticker “EXK” and on the Toronto Stock Exchange under the ticker “EDR.”
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to full report for price target, fundamental analysis and rating.
- Upgrading to Outperform. We are upgrading our investment rating on the shares of Endeavour Silver to Outperform from Market Perform. In our opinion, the company is poised for improved performance during the second half of 2019 and 2020 based on greater production, higher metals prices and lower production costs.
- Updating estimates. While our 2019 estimates are unchanged, we are increasing our 2020 EPS estimate to…
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*Analyst
certification and important disclosures included in full report.
NOTE: investment decisions should not be based upon the content of
this research summary. Proper due diligence is required before
making any investment decision.