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.
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My broker recommended buying Endeavour Silver in July, 2010, which I did, and it returned over 200% by this past October (2011). I've sold most of my holdings (following a financial advisor's advice that "Pigs get fed, hogs get slaughtered"), and used the proceeds to help fund my dividend-buying spree. EXK still makes up ~4% of my portfolio, as I think silver will continue to go up (unlike gold, which I think is overpriced). I don't expect to see another 200% increase in the near term, but I think silver will continue to rise, and EXK appears to be a very well managed company with great property in Mexico that continues to produce, and still holds a lot of potential. This is going to stay as my silver holding for the long term.