Endeavour Silver (EXK) Spikes on Higher Silver Prices
NEW YORK (TheStreet) -- Shares of Endeavour Silver (EXK) - Get Report are climbing 7.69% to $4.62 on Wednesday afternoon as silver prices advance for a sixth consecutive session.
For September delivery, silver is rallying 1.5% to $20.21 per ounce on the COMEX this afternoon.
Gold and silver prices are extending gains today as lingering Brexit concerns have prompted investors to flock toward safe-haven assets, such as precious metals.
Silver's gains have outpaced those of gold's in recent days, MarketWatch noted.
"Silver typically tracks gold prices, with bells on," Adrian Ash, head of research at BullionVault, told MarketWatch, "For every 1% move in gold over the last 40 years, silver has averaged 1.75% [move] both up and down."
For August delivery, gold is up 0.8% to $1,369.60 this afternoon.
The Vancouver-based company is engaged in the evaluation, acquisition, exploration, development and exploitation of metal properties in Mexico and Chile.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of E+ on the stock.
The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, poor profit margins and weak operating cash flow.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: EXK