This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

6 Precious Metals Stocks Set to Explode

Stocks in this article: MGH NSU SLW NG EXK AXU

Endeavour Silver

Endeavour Silver (EXK) is a Canadian mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of mineral properties. The Company produces silver-gold from its underground mines at Guanacevi and Guanajuato in Mexico. Endeavour's current market cap is $911.29 million and so far in 2011 the stock is up nicely by around 24%.

This is a stock I last highlighted back on Feb. 28 as a buying opportunity when it was trading at around $7.50 a share. It's now above $11 a share. Just for context, in the same piece I also highlighted Coeur d'Alene Mines (CDE) at around $31.50 a share -- it's now above $37 -- and First Majestic Silver (AG) at around $15.50 -- it's now over $26. The only bad call I had in that piece was Mines Management (MGN), which was at $3.50 and is now trading around $3 a share.

Related: 7 Mining Stocks Analysts Expect to Soar

Back to Endeavour: This hot silver play has already started to break out above some recent overhead resistance at around $10 to $10.33 a share. This move is coming on massive volume, which registered over 4.8 million shares on Tuesday (an up day) versus the three-month average volume of 2.3 million shares.

The stock is now trading at brand new all-time highs, and I expect it to continue to soar higher. I think it goes to $15 a share and if the uptrend is strong enough it could have a shot at $20 a share. The trade here is easy to manage from a risk/reward basis. Buy it on any pullback and stay with it as long as the stock doesn't trade below the breakout levels I cited above.

6 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs