Endeavour Silver Corp. (CAN) (NYSE:EXK)
CAPS Rating:
The Company is an emerging mid-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico.
The Company is an emerging mid-cap silver mining company focused on the growth of its silver production, reserves and resources in Mexico.
Recs
This company has provided many good short-term buying opportunities due to the high volatility of the silver market and this stock's tendency to overshoot on a sell off. Although volatility is unlikely to go away, this stock remains an excellent long-term investment since the silver bull run has many years to go and the mining stocks are severely undervalued relative to the price of the metals. Competitive currency debasement is becoming as big an international sport as soccer, unfortunately the violence that often accompanies these events is likely to follow this new sport. The eventual winners will be the precious metals and anyone who holds them, including the miners.