- 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.
For further details see:
Endeavour Silver: A Lofty Valuation For A Sector Laggard