Did you catch my post yesterday AM? I charted $Endeavour Silver(EXK)$ and π₯it's up nearly 5% 24 hours laterβ£οΈGold is going parabol also ~ check out my post, Happy trading ahead, Cheers, BC π
@Tiger_comments @TigerPicks @TigerStars @Daily_Discussion @TigerGPT
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$Endeavour Silver(EXK)$ $Silver - main 2412(SImain)$ I've just opened positions in $EXK πΊπ
±οΈullishπΊπππππππππππππ π―π―π― $EXK: Silverβs Bright Future with Endeavour Silverβs Strategic Edge π―π―π― Kia ora Tiger traders! β¨ Endeavour Silver Corp. ($EXK) is a mid-tier mining company focused on the acquisition, exploration, development, and production of silver and gold deposits in Mexico and Chile. Founded in 1981, the company operates multiple high-grade mines ποΈ, making it a key player in the global silver market. Its most significant assets include the GuanacevΓ and BolaΓ±itos mines in Mexico, with upcoming projects like Terronera, set to boost production in the future π. π Fed Announcement & Silverβs Rally: The Perfect Match π All eyes are on the Federal Reserve this month! π Investors are betting on a rate cut, which could have a major impact on precious metals like silver π. As interest rates drop, the US dollar weakens, driving up the demand for silver as a hedge against economic uncertainty π‘οΈ. β’ π 90% chance of a rate cut expected in the Fedβs September meeting. β’ π₯ Silver demand is rising due to green energy applications (solar panels βοΈ and electric vehicles π). β’ π₯ Analysts project silver to surge toward $32.50 by the end of 2024, fueled by industrial growth in clean technologies πΏ and geopolitical uncertainty. πΌ Capital Flow, Analyst Targets & Strong Financials πΌ Endeavour Silver remains financially solid and attractive to investors: β’ Operating Cash Flow: $24.27M π΅ β’ Capital Expenditures: $173.90M, reflecting heavy investments in their Terronera project for future growth π°. β’ Debt-to-Equity Ratio: 0.14, showing financial stability βοΈ. Analyst Price Targets: β’ Average Price Target: $6.13 (+76.01% upside from the current price of $3.52). β’ Highest Target: $7.00 β’ Lowest Target: $5.25 These targets signal strong optimism from Wall Street analysts, with a moderate buy rating based on 5 analysts. Analysts attribute this optimism to the strategic expansion of Endeavourβs Mexican silver mines, which are key to their long-term growth prospects. π Best Entry Point: $3.50 Support Zone π Analysts are eyeing $3.50 as the key support level for $EXK π. Entering at this point sets the stage for gains as silver prices continue to rise. With potential upside beyond $5.00, driven by both Fed policies, renewable energy demand, and Endeavourβs production expansion, the future looks bright for $EXK π. π
Top Competitors in the Silver Space π
Hereβs how $EXK stacks up against some heavyweights in the silver mining industry: 1. Hecla Mining (HL) β’ π’ Buy: 70% β’ π‘ Hold: 30% 2. Pan American Silver (PAAS) β’ π’ Buy: 65% β’ π‘ Hold: 25% 3. First Majestic Silver (AG) β’ π’ Buy: 60% β’ π‘ Hold: 30% While these companies are also leveraging the bullish silver outlook, Endeavour Silverβs project pipeline and production expansion give it a unique growth opportunity in Mexicoβs thriving silver sector. π’ The Silver Surge is On! With silver prices set to soar and Endeavour Silver positioned to capitalize on this trend, now is the time to keep an eye on $EXK. With strategic investments in Mexican mining projects and a favorable macro-economic environment, Endeavour Silver is set for significant growth in 2024 and beyond. Happy trading ahead. Cheers, BC π @Tiger_comments @TigerPM @TigerWire @Daily_Discussion @TigerStars @TigerGPT
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I apologize, but I couldn't find any news specifically related to Endeavour Silver (EXK) on September 13th. However, I found some recent news articles that might be of interest to you:
"Endeavour Silver (NYSE:EXK) Shares Gap Up to $3.13 - MarketBeat": This article provides an overview of Endeavour Silver's recent earnings results, highlighting that they reported a loss per share of ($0.02) for the quarter. You can read more about it here.
"Silver Edges Higher and Miners Follow - Endeavour Silver Corp. (TSX)": This article discusses how silver prices have been edging higher and mentions Endeavour Silver Corp. as one of the mining companies that has experienced gains. You can find more details here.
"Time to Pounce: 1 TSX Stock That Hasnβt Been This Cheap in Way Too Long": This article suggests that Endeavour Silver might be an undervalued stock with potential for long-term growth. It highlights the company's consistent investment in discovering new resources. You can read the article here.
Please note that these articles are for informational purposes only and do not constitute investment advice. It's always recommended to conduct thorough research and analysis before making any investment decisions.
If you're looking for more up-to-date information on Endeavour Silver, I recommend checking the stock quote page or company profile for the latest news and market trends.