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EXK - Endeavour Silver: A Lofty Valuation For A Sector Laggard
Endeavour Silver Corporation
Endeavour Silver is up over 450% since its March lows, and was up 48% for the month of December alone.
The strong performance is likely tied to the recent strength we've seen in the silver price, which should boost Endeavour's margins in Q1.
However, while Endeavour continues to see a solid turnaround at Bolanitos and Guanacevi, it's now trading at over 24x FY2021 annual EPS estimates at a share price of $5.80.
This is a lofty valuation for a sector laggard, and I see no reason to chase the stock above US$5.80.