- Endeavour Silver released its preliminary Q1 results earlier this month and reported a sharp increase in metals production.
- The company's Guanacevi Mine continues to perform well with another quarter of higher silver-equivalent grades, helping the company report a 26% increase in silver-equivalent production.
- However, while Endeavour remains a solid growth story with Terronera in the wings, the stock continues to look expensive at nearly ~30x FY2021 earnings estimates.
- Therefore, I see no reason to chase the stock at US$5.80, given that there's minimal margin of safety baked in at current levels.
For further details see:
Endeavour Silver: Guanacevi Mine Continues To Deliver