Endeavour Silver Corp. (EXK) saw a big move in the last trading session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent uptrend for EXK, as the stock is up over 28% in the past one-month time frame.
The silver mining company has not seen any estimate revision over the past month, though the current year earnings consensus has moved higher over the last few weeks. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
EXK currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Basic Materials sector may consider better-ranked stocks like Agnico Eagle Mines Limited (AEM), Compass Minerals International Inc. (CMP) and Universal Stainless & Alloy Products Inc. (USAP), each of which holds a Zacks Rank #1 (Strong Buy).
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