Endeavour Silver (NYSE:EXK) is about to get crushed. This is a name that I recommended profit taking on last spring but is a name that I have wrestled with for some time, but have maintained a buy rating on pullbacks. The stock, along with many in the sector experienced a meteoric rise in 2016. I was really surprised at first when the company decided to slash production entering 2016; however, upon further consideration, I concluded the long-term survival of the company took precedence and so saving cash was key. Still, there are concerns over performance and the stock is about to implode today on the back of the just reported Q4.
In this column will discuss the production and finances, as well as the outlook for the name to shed light on why the stock is getting smashed. Metals have retracted a bit at the end of 2016 and into 2017. Now, I had no real expectations for output, and truthfully the production numbers really had me……………………..READ MORE