Endeavour Silver Corp (EXK)

[TheWatcher51]

Looking like PMs may make a little comeback next week.... Dollar tanking... We shall see... Held some exk till then.... Exk

[TheWatcher51]

Break 2.16 baby! Exk

[cowboyinvestor69]

excellent swing trade

[cowboyinvestor69]

FED HIKE ON WATCH

[cowboyinvestor69]

$EXK WATCHLIST THIS WEEK AND NEXT!

[JohnCM]

Super cheap ...

[biginvestors]

Mar 14th, 2015
pricetarget of $6.28

Eurobank EFG downgraded shares of Endeavour Silver Corp (NYSE:EXK) to a hold rating in a research note released on Thursday morning.

A number of other analysts have also recently weighed in on EXK. Analysts at Haywood Securities upgraded shares of Endeavour Silver Corp to a hold rating in a research note on Friday, March 6th. Analysts at CIBC downgraded shares of Endeavour Silver Corp from an outperform rating to a sector performer rating in a research note on Thursday, March 5th. Finally, analysts at Pi Financial downgraded shares of Endeavour Silver Corp to a neutral rating in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $6.28.

[JohnCM]

Endeavour Silver Corp - EXK - EQUITY
Reviewed By: TheStreet Ratings on 03/05/2015.
Report Summary: TheStreet Ratings team rates Endeavour Silver Corp as a Sell with a ratings score of D.

Report Snippet: We rate Endeavour Silver Corp (EXK) a SELL. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
Rating: D out of 5, 'D' Sell.

[JohnCM]

Thanks for sharing ...

Endeavour Silver Corp Receives $6.43 Consensus Target Price from Analysts
January 27th, 2015 by Maddie Sorensen

Endeavour Silver Corp logoEndeavour Silver Corp (NYSE:EXK) has been given an average rating of “Hold” by the six ratings firms that are covering the stock, Analyst Ratings Network.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $6.43.

Separately, analysts at Pi Financial downgraded shares of Endeavour Silver Corp to a “neutral” rating in a research note on Tuesday, January 13th.

Shares of Endeavour Silver Corp (NYSE:EXK) traded up 5.62% on Wednesday, hitting $3.0101. 885,560 shares of the company’s stock traded hands. Endeavour Silver Corp has a 1-year low of $1.83 and a 1-year high of $6.44. The stock has a 50-day moving average of $2.36 and a 200-day moving average of $4.02. The company’s market cap is $307.0 million.

Endeavour Silver Corp (NYSE:EXK) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.04. The company had revenue of $40.50 million for the quarter, compared to the consensus estimate of $46.30 million. The company’s revenue for the quarter was down 40.3% on a year-over-year basis. On average, analysts predict that Endeavour Silver Corp will post $-0.09 earnings per share for the current fiscal year.

Endeavour Silver Corp. (NYSE:EXK) is engaged in the evaluation, acquisition, exploration, development and exploitation of silver mining properties in Mexico and in exploration in Chile. The Company’s producing mines include Guanacevi mine, Bolanitos Mine and El Cubo.

[biginvestors]

Endeavour Silver Corp Receives $6.43 Consensus Target Price from Analysts (NYSE:EXK)

insert-text-here

[Deep Space]

Lol I bet you will

A high frequency trade

With a new mouse that is not worn to the nub.

DS

[JohnCM]

Sounds good.

I think I'll take small positions FB and BABA

[Deep Space]

JohnCM, Good to hear from you!

I have been busy elsewhere and have not forgotten about EXK...

I traded out of my miners AT this moment but keeping a eye out.My pm holdings are GLTR in a non trading account and Physical. I will keep a eye on THE good miners.

I am in a very interesting medical device company as well and the more I dig the better it gets. Big things happening and it has me ready for either way..

DS

[JohnCM]

Update: Endeavour Silver Announces Its Widely Expected Resource Updates But Outlook Disappoints

Jan. 29, 2015 1:32 PM ET

The Investment Doctor - Seeking Alpha

Endeavour Silver increases its total resources, but the cost guidance for 2015 disappoints me a bit.

EXK will be FCF negative at the current silver price and I was hoping the company could have done better than this.

The investment thesis remains unchanged, as Endeavour Silver will still be free cash flow negative.

Endeavour Silver (NYSE:EXK) has announced the updated resource estimate for its most important mines in Mexico. The total amount of silver in the updated estimate stands at 127 million ounces (of which 60% is located in the reserve categories as well as the measured and indicated category). The update is quite positive as the reserves and M&I categories show an increase in the total amount of silver ounces (by approximately 5 million ounces). This is an important fact as it shows Endeavour Silver is effectively able to replace the ounces it mined out, and that's exactly what the market wants to see.

There's only a slight decrease of 1% in the inferred resource category, but as that's just 0.5Moz, I'm not worried at all about that. In an updated production guidance, Endeavour Silver expects to produce 9-10.1 million ounces of silver-equivalent this year which will consist of 5.8-6.4 million ounces of 'pure' silver as well as 47-52,000 ounces of gold. All-in sustaining costs should be in the $18-19/oz region and this means that Endeavour Silver will still be free cash flow negative at the current spot price of silver (which is trading at around $16.75/oz), even if you'd exclude the non-cash items. That's actually bad news as I was secretly hoping Endeavour Silver would have been able to reduce its cost profile even further. Unfortunately that's not the case and it will be another tough year for the company if the silver price doesn't improve.

I honestly expected Endeavour Silver to be in a position to release a better guidance, but it looks like we're headed for another year of losses and negative free cash flow. The situation isn't horrible and the net cash outflow should definitely be manageable, but Brad Cooke will have to continue to run a very tight ship.

Higher silver prices would prove very useful. $20.00 or higher would be great! We should get there soon.

[JohnCM]

Update: Endeavour Silver Gives 2015 Production And Cost Guidance, Updates Resources

Jan. 29, 2015 12:22 PM ET Seeking Alpha

Endeavour Silver gave its 2015 production and cash cost guidance.
Gold reserves and resources were also updated in the release.
With all-in costs estimated at $18-$19 an ounce, Endeavour is unprofitable, and other uncertainties remain.
Endeavour Silver (NYSE:EXK) just gave its 2015 production and cash cost guidance, plus announced an updated reserve and resource base. Here are the highlights of the release:

- Gold proven and probable reserves decreased 19% to 113,300 ounces. However, gold measured and indicated resources increased 20% to 665,000 ounces while silver measured and indicated resources increased 8% to 65 million ounces. Total silver equivalent measured and indicated resources are now 111.6 million ounces. Silver equivalent inferred resources decreased slightly and now total 74.2 million ounces.

- Management announced it is developing alternative production scenarios for the El Cubo and Bolanitos mines, which includes a possible significant mine expansion at El Cubo and a decrease in production at Bolanitos, as unit operating costs are expected to decrease significantly. The alternative mine plan will not be completed until early March of 2015 and the mines will continue to produce as normal until that time.

- Due to the expected change in mine plans, the company expects total 2015 silver production of 5.8-6.4 million ounces and gold production in the 47,000 to 52,000 ounce range, with silver equivalent production forecasted between 9-10 million ounces. This is a big drop from 2014's silver production of 7.2 million ounces and 2014 silver equivalent production of 11.6 million ounces.

- Capital and exploration budgets will be significantly reduced this year which should help to boost free cash flow, according to Bradford Cooke, CEO. Endeavour plans to invest $32.7 million on capital projects in 2015, including $18.3 million on mine development, $11.0 million on plant and equipment, and $3.1 million on tailings upgrades.

- All-in sustaining costs are estimated to be in the $18-$19 range per ounce.

Readers will remember that I first recommended Endeavour shares because I felt the Mexican silver producer has huge upside potential from its exploration and development projects, with the potential to produce 15+ million silver ounces one day. The company has grown its total resource base at a compound annual growth rate of 49% since 2004 (from 5.4 million ounces in 2004 to 191 million ounces in 2013, silver equivalents) as well as its production, which has grown at a rate of 45% per year (from 400k ounces in 2004 to 11.3 million ounces in 2013). However, the price of silver was also significantly higher at the time of that article, and the company was profitable as all-in costs were $12.15 in Q1 2014. I turned short-term bearish in the last quarter as a result.

Unfortunately, Endeavour is calling for all-in sustaining costs between $18-$19, which means the company will be losing money at current metals prices. In addition, production will be lower as the company delivers a change in the mine plan at El Cubo and Bolanitos. While I do think that is the right move, as cash costs could decline significantly, I still think there is too much risk and uncertainty here, and shares will likely remain under selling pressure in the near term.

[Citrati]

Might get a little extra bumpy here. http://seekingalpha.com/article/2863906-update-endeavour-silver-gives-2015-production-and-cost-guidance-updates-resources

[JohnCM]

[Deep Space]

Right! That says it All

EXK

[JohnCM]

[Deep Space]

What a move in silver today. Wow !!

[JohnCM]

[Deep Space]

Thx..Will put it on the list!! Interesting stories and volatility at these prices.I noticed service company CVEO get hammered down and have been trying to look at some.Good follows

DS

[JohnCM]

Why not time UWTI at crude $38.00?

[JohnCM]

I noticed that. The Swiss news was all about GOLD, but you would think SILVER would snap back to GOLD at some point?

[Deep Space]

Wouldn't surprise me if it did. I am set up either way. The prices took a historical beat down against the REAL fundamentals imo and these prices will look unreal in the not to distant future. I have been looking at oil stocks and trying to find some way oversold but I am IN IN the metal run!

GLTA

[Phatlander]

Silver reluctantly nudging upwards to $17.15, as gold soars to $1264. Maybe silver will pop a little more this afternoon?

http://www.kitco.com/charts/livesilver.html

[Phatlander]

Silver trending above $17 today.

http://www.kitco.com/charts/livesilver.html

[Phatlander]

Decision made.

[Deep Space]

San Sabastian is holding pure Silver and the High cost mine just needs some higher silver prices. Looks great here

[JohnCM]

I am behind EXK ...

[Deep Space]

I am in to basics and I don't like fads.HW

EXK has the goods as clearly illustrated of late

EXK stretch your Legs for the marathon

[JohnCM]

Sub $2.00 looks good to me ( I have a position in EXK )

[TheStockDok]

It appears the dramatic selling is due to El Cubo possibility of going into maintain status.

I am a buyer buyer buyer

[JohnCM]

You got that right Toyota!

[Minster]

Awesome buying opportunity for this silver stock.

[JohnCM]

Big selloff for miners. Outlook still good with stronger GOLD price.

[Citrati]

Firesale here today....no buyers. Am happy to pick up a few in the 1.90's. Book value 2.53. $29million in cash, $27 million in dore bars in inventory. Quality management. Also looks like stop running and fear. JMO

[JohnCM]

I like AG better ...

[keyotee]

Thanks, let me look these over. What do you think about gpl?

[JohnCM]

[JohnCM]

Pretty rough. I think this will be a good, future holding. Just have to pickup shares when they stop falling.

Highlights of Third Quarter 2014 (Compared to Third Quarter 2013)
Financial
Revenue, earnings, cash flows and EBITDA were all lower in Q3, 2014 compared to Q3, 2013
due to lower metal prices, lower mine production, an increase in silver inventories and
corresponding decrease in silver sales
Net loss of $11.4 million ($0.11 loss per share) compared to net gain of $12.3 million ($0.12 per
share)
EBITDA(1) decreased 92% to $2.2 million
Cash flow from operations before working capital changes decreased 83% to $4.4 million
Mine operating cash flow before taxes(1) decreased 25% to $19.6 million
Revenue decreased 40% to $40.5 million
Realized silver price decreased 17% to $18.78 per ounce (oz) sold
Realized gold price decreased 9% to $1,278 per oz sold
Cash costs(1) increased 108% to $10.70 per oz silver payable (net of gold credits)
All-in sustaining costs increased 66% to $20.18 per oz silver payable (net of gold credits)
Bullion inventory at quarter-end included 523,526 oz silver and 937 oz gold
Concentrate inventory at quarter-end included 33,768 oz silver and 517 oz gold
Capital investments and exploration expenditures peaked in Q3 and are now declining in Q4

[JohnCM]

[JohnCM]

I need to take another look at operations ...

[JohnCM]

Now ...

[TheStockDok]

Added today at 2.42 but wish I had waited just an hour longer to get those 2.20's.

Still pleased.

Was 10,000 long and flipped. Held 100 free and today was just 100 more.

When pm capitulation is truly over, I'll load big again.

[JohnCM]

EXK top 3 pick ...

[joyceschoice]

Hi Nitty. Concerning the NSYE

Do you put the jelly on the top or the bottom? It's important.

[army2014]

Weekly chart shows RSI at 30!! From a chart prospective it should bounce up to around $4 - $6 looking back on the past bounces from these PPS levels. Imo

GLTA

I bought at $3 with a price target of $5 by end of January

[army2014]

Long time follower DOK, and I enjoyed the interview. EXK going to bounce back strong and I'm sure have a great 2015!!!

[army2014]

Great interview DOK. Looking forward to your other interview coming up next week