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Endeavor Silver Shows Strength in 2014

By  +Follow February 21, 2014 8:46AM
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Small-Cap Star Endeavor Silver Corp. (EXK) had a rocky 2013, with big gains and losses. On the whole, the company started the year still in a lengthy downtrend that took the stock from its peak in 2011 at more than $12.50 to its 52-week low of $2.88 in early July of last year.

Rebounding Silver Prices, Strong Production Drive Gains

Of course, it’s hard to see this as reflecting too harshly on Endeavor as a company as its stock peaked around the same time silver prices did. Silver came very near touching $50 an ounce in Q2 of 2011, and by early July of last year it was under $20 an ounce.

However, silver is bouncing back and Endeavor with it in 2014. However, other junior silver miners would be hard pressed to match the over 55 percent gain experienced by Endeavor since the beginning of 2014. The company released strong 2014 projections on Jan. 22, with guidance for its three underground mine in Mexico (Guanaceví Mine in Durango State and the Bolañitos and El Cubo Mines in Guanajuato State) apparently impressing investors and traders alike.

"After delivering tremendous production growth in 2013, we plan to hold production relatively steady for 2014, hone the operations and position the Company for a turnaround in metal prices later this year,” said CEO Bradford Cooke at the time. “Our capital budget is significantly reduced this year which will help boost free cash-flow."

"Our focus this year will be on further refining our operating and financial performance through initiatives to improve productivity, reduce operating costs and enhance cash-flow at all three mines, as well as completing the operational turn-around at El Cubo,” he continued. “We have resumed exploration around the mines in order to replace depleted reserves and expand resources, but green-fields exploration will be minimized to drilling our emerging new, high grade discovery at the San Sebastián property."

Strong Technical Signs During Current Uptrend

On the whole, Endeavor’s stock has been sharply positive this year. The stock crossed its 20-day moving simple moving average (SMA) in December, butted up against its 50-day SMA for about a week in early January before breaking through, and crashed through its 200-day SMA by mid-month. The sharp climb that took it through the 200-day SMA hit resistance at around $4.70 a share and retreated once before breaking through. Since then, it’s been climbing and hasn’t looked back, currently hovering near $5.65 a share and a 52-week high.

Fundamental Analysis Also Appears Strong

A look at Endeavor’s fundamentals may indicate why the stock has so much strength. The company managed to dramatically increase revenue from 2011 to 2012 despite crashing silver prices during this period, and its P/E ratio is fairly solid and just under 13.

And if one uses the DuPont Model for analysis, there’s more reason to potentially feel bullish about the stock. While a first look at Endeavor’s ROE shows it coming in well below industry average, a deeper look shows a company trending in the right direction for the right reasons.

Endeavor’s net margins, a key indicator, are significantly better than the industry average. And while the company is well below industry average for asset turnover and equity multiplier, it’s worth noting that, if you have to choose, it’s better to be below average than above for the equity multiplier. A lower equity multiplier means less debt, and while industry average is ideal, less debt is better than more debt in most cases.

What’s more, looking at trends over time, Endeavor’s ROE, net margin, and asset turnover are all improving year-over-year. Net margins improved considerably from 2011 to 2012, as did ROE, and asset turnover appears to be trending closer to industry average.

On the whole, Endeavor appears to be a promising stock that, while dependent on silver prices maintaining some stability, may also be a best-in-breed pick for junior silver miners. There’s clearly some potential here that 2014’s gains aren’t a mirage and this company could keep growing.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for EXK
HotKeyTrading
19 Dec 14 01:00:06
Upgraded: $CE $SWX $EXTR $ZQK $WCC $IYZ $ARCC $JOY $GGB $CPHD $CDE $EXK $FANG $JEC $CZZ http://t.co/Vv2VEnpBuv #finance #trader #daytrader
John C Mueller
18 Dec 14 22:57:32
SA on EXK "Basically no gold or silver miner is making money at these prices and Endeavor Silver is no di $GPL $EXK http://t.co/4Xn9TEl2UW
John C Mueller
18 Dec 14 22:14:29
What's the story with EXK? http://t.co/ftI0u05uQZ $EXK http://t.co/6l41Q3g8JE
orlando
18 Dec 14 16:31:46
$REN $SOL $EXK ON WATCH FOR TOMORROW
Dave
18 Dec 14 16:07:15
RT @StockSignaling: After Hours Price Advances: $MLNX $NRZ $BHP $ODP $INO $SU $ALLY $EXK $WOR $PETX $MHFI $JOY $CCL $ELP $AMZN http://t.co/…
Stock Signaling
18 Dec 14 16:01:08
After Hours Price Advances: $MLNX $NRZ $BHP $ODP $INO $SU $ALLY $EXK $WOR $PETX $MHFI $JOY $CCL $ELP $AMZN http://t.co/S9oPUZ8PN3 #nyse #mkt
Trader News Daily
18 Dec 14 15:43:01
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $EXK $NRTI $ZGNX $WEST $ARO
deafdaytrader
18 Dec 14 15:19:29
For 1.00to 5.00 dollars stocks $JNUG $S $KGC $IAG $HL $AUY $MDR $CIM $BTG $AUQ $SSRI $NGD $REN $EXK $SVM $TRXC $RBY $PPP Nice bottom
John C Mueller
18 Dec 14 14:42:30
Glad I sold 2 days ago. Bought EXK, CDE and AG instead. http://t.co/O6YUTyirtk $EXK $CDE $DJI http://t.co/KbkhOQeMJt
HotKeyTrading
18 Dec 14 13:00:08
Upgraded: $SWX $EXTR $ZQK $WCC $IYZ $ARCC $JOY $GGB $CPHD $CDE $EXK $FANG $JEC $CZZ $HCBK http://t.co/TRx9EnjwT5 #spy #markets #investors
California
18 Dec 14 11:38:47
RT @StockSignaling: Upgraded Stocks Trading in a New Range: $ZQK $CDE $BLOX $GOL $STKL $ALLY $EXK $GTI $SWC $XOOM $HP $RAD $TCK $BAS $PSX h…
Stock Signaling
18 Dec 14 11:31:15
Upgraded Stocks Trading in a New Range: $ZQK $CDE $BLOX $GOL $STKL $ALLY $EXK $GTI $SWC $XOOM $HP $RAD $TCK $BAS $PSX http://t.co/S9oPUZ8PN3
Trader News Daily
18 Dec 14 11:11:22
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $EXK $NRTI $ZGNX $WEST $ARO
Stock Signaling
18 Dec 14 10:31:32
Top Upgrades: $CDE $STKL $CPHD $ALLY $HPQ $JOY $GLW $ARCC $GGB $FDX $EXK $FANG $ING $APO $MIC http://t.co/S9oPUZ8PN3 #investors #mkt #nasdaq
Trader News Daily
18 Dec 14 07:05:37
Wow http://t.co/PeRPkZkWiw just posted last weeks results. +429%. Crazy. They offer a free trial too. $EXK $NRTI $ZGNX $WEST $ARO
Quantpost Cnsmr Good
18 Dec 14 04:13:08
$TSLA News: "Be Bold And Seek The Sizzle, Says VSA Capital's Paul Renken $EXK …" http://t.co/BO2siMnsiA Board view: https://t.co/uZBKMaAbTT
Seeking Alpha
18 Dec 14 04:13:06
Be Bold And Seek The Sizzle, Says VSA Capital's Paul Renken http://t.co/Y6HFcGBMAk $EXK $FNLPF $FSM $GOLD $TSLA
Stock Signaling
18 Dec 14 01:31:19
Basic Materials Sector: Upgrades: $EXK $FANG $RIO $EXH $SXC $swc $tck $AG $SLW $ZINC $ATW $BTG $GDP $XEC $GPOR http://t.co/S9oPUZ8PN3 #mkt
HotKeyTrading
18 Dec 14 01:00:07
Upgraded: $EXK $FANG $JEC $CZZ $HCBK $BIG $MIC $KSU $HLS $XOOM $SWC $TMHC $ATW $SQM $BTG http://t.co/TRx9EnjwT5 #daytrader #trader #nyse
John C Mueller
17 Dec 14 21:17:17
Nice turn ... http://t.co/3j0wSd3GgB $BAA $GSS $EXK $USLV $SAND $CDE http://t.co/SM7EKBxv44
John C Mueller
17 Dec 14 21:09:02
Although I love SLV I like the following better USLV SLW CDE EXK AG $SLV $EXK $USLV $SLW $CDE http://t.co/KtmmKggZDy
OMAR  STOCKTRADER
17 Dec 14 19:19:38
Upgrades: $EXK $FANG $GTI $ING $CZZ $JEC $FLR $HCBK $BBRY $mic $CALM $BIG $QLGC $RIO $KSU http://t.co/jDdFi6CV38 #analytics #daytrading #spy
Stock Signaling
17 Dec 14 19:01:31
Upgrades: $EXK $FANG $GTI $ING $CZZ $JEC $FLR $HCBK $BBRY $mic $CALM $BIG $QLGC $RIO $KSU http://t.co/S9oPUZ8PN3 #analytics #daytrading #spy
James
17 Dec 14 15:27:08
RT @StockSignaling: Upgraded Stocks Trading in a New Range: $EXK $GTI $SWC $XOOM $HP $RAD $TCK $BAS $PSX $XEC $ERF $GPOR $GDP $APC $PDCE ht…
A. Vespasian
17 Dec 14 15:15:39
RT @StockSignaling: Upgraded Stocks Trading in a New Range: $EXK $GTI $SWC $XOOM $HP $RAD $TCK $BAS $PSX $XEC $ERF $GPOR $GDP $APC $PDCE ht…
US Banking News
17 Dec 14 15:13:47
Endeavour Silver Corp Upgraded to “Buy” at Pi Financial $EXK http://t.co/5zhAsrjNnC
John C Mueller
17 Dec 14 14:57:59
Picked up AG and added CDE and EXK. $EXK $CDE http://t.co/EYLJLijm6V
Stock Signaling
17 Dec 14 14:31:33
Upgraded Stocks Trading in a New Range: $EXK $GTI $SWC $XOOM $HP $RAD $TCK $BAS $PSX $XEC $ERF $GPOR $GDP $APC $PDCE http://t.co/S9oPUZ8PN3
DailyStockPicks
17 Dec 14 14:21:07
$ECIG buyout target of $0.50. 400% upside. Positive EBITDA and $200MM revenue in 2015 $EXK $HMSY $ESBF traders read: http://t.co/xi3978GuDs
WKRB News
17 Dec 14 13:59:03
Endeavour Silver Corp Upgraded to “Buy” by Pi Financial $EXK http://t.co/5hMf6ux3Hu
Pete
17 Dec 14 13:23:48
@InvestorsLive Focus was wrong. Yellen is never hawkish. $UVXY downside $EXK $NUGT oil $55 flush. Read my thread. I'm an avid follower!
Ariel Silahian
17 Dec 14 13:17:43
Algorithmic trading: OPEN Dec/17 SELL: $LUK $EXK $CCJ $BBG $CRR $VNET $BBL $PDCE $CNO $ORI $NOG $HP $TD $DANG $CPN $SLCA $NSC $IBIO $RRC
ProVesting
17 Dec 14 12:29:03
$EXK: Update: Great Panther Silver Insider Buys Close To 400000 Shares http://t.co/6eilf4h19B http://t.co/8YXPIwG299
Alysia Sarkisian
17 Dec 14 12:25:15
RT @SeekingAlpha: Update: Great Panther Silver Insider Buys Close To 400,000 Shares http://t.co/U7SDrhokAx $AG $EXK $GPL
Seeking Alpha
17 Dec 14 12:18:41
Update: Great Panther Silver Insider Buys Close To 400,000 Shares http://t.co/U7SDrhokAx $AG $EXK $GPL
John C Mueller
17 Dec 14 07:35:11
Just added shares of CDE and EXK to existing positions. $EXK $CDE http://t.co/FXOL2kAL61
TalkMarkets
17 Dec 14 03:23:40
Be Bold And Seek The Sizzle, Says VSA Capital's Paul Renken $FSM $EXK $CALVF $GOLD http://t.co/9VgF6hre0m
Sufiy
16 Dec 14 15:00:05
RT @SWGoldReport: Be Bold And Seek The Sizzle, Says VSA Capital's Paul Renken $FSM $EXK $CALVF $GOLD http://t.co/8rBoGUiPob
I-R-J
16 Dec 14 14:50:00
RT @SWGoldReport: Be Bold And Seek The Sizzle, Says VSA Capital's Paul Renken $FSM $EXK $CALVF $GOLD http://t.co/8rBoGUiPob
The Gold Report
16 Dec 14 14:42:10
Be Bold And Seek The Sizzle, Says VSA Capital's Paul Renken $FSM $EXK $CALVF $GOLD http://t.co/8rBoGUiPob
TalkMarkets
16 Dec 14 14:42:10
Be Bold And Seek The Sizzle, Says VSA Capital's Paul Renken $FSM $EXK $CALVF $GOLD http://t.co/2fhFt5AKvS
ShortStockVolume.com
16 Dec 14 14:25:16
Top Shorted Stocks 12/15/14... 20. $AMTD 67.79% 21. $XLI 67.73% 22. $EXK 66.28% 23. $NBR 66.23% 24. $EWT 66.23% 25. $BSV 66.05%
ShortStockVolume.com
16 Dec 14 14:25:14
Top Shorted Stocks 12/15/14... 21. $XLI 67.73% 22. $EXK 66.28% 23. $NBR 66.23%... http://t.co/i522tKqRUB
iHangout
16 Dec 14 05:36:22
fitzkarz: NASDAQ DIP and RIP: $EXK>$IAG>$NG>$HMY>$ANV http://t.co/GzBkljY7N7
iHangout
16 Dec 14 05:22:39
fitzkarz: NASDAQ DIP and RIP: $EXK>$IAG>$NG>$HMY>$ANV http://t.co/oC7c9zPmrv
TKrypt
15 Dec 14 07:36:22
RT @AlertTrade: $OLN, $SEAS, $EXK, $AREX Stocks Hitting 52-Week Lows - http://t.co/Wjz30mA7Zb ~ via @AlertTrade
Day Trade Alerts
15 Dec 14 07:25:12
$OLN, $SEAS, $EXK, $AREX Stocks Hitting 52-Week Lows - http://t.co/Wjz30mA7Zb ~ via @AlertTrade
ProVesting
15 Dec 14 07:23:03
$EXK $AREX: Stocks Hitting 52-Week Lows http://t.co/ALwUZ9WToz http://t.co/u6h5uebTb2
Bullion Nation
15 Dec 14 06:43:50
Picked up 5000 $EXK at $2.07 for 2015 bounce. Comfortable here with this price.
John C Mueller
13 Dec 14 19:15:33
http://t.co/sy2aO3K9pL $EXK http://t.co/ahd4QKG2MZ
				
				
By  +Follow February 21, 2014 8:46AM
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