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Endeavour Silver (EXK): Great Buy for Patient Investors
Investor Eric Hommelberg just issued a terrific report on Endeavour Silver (AMEX: EXK) explaining why they are one of his top 20 buys. They took a big hit in the August precious metals sell-off and had a slow first half of the year with reduced production, bringing the stock down more, but management is on track to grow Endeavour into one of the world's top silver companies. Reserves and production will continue to increase, and as silver goes up, the price of Endeavor Silver will accelerate rapidly. It's currently around $3.30, and I expect it to be above $5 within four months and much higher a year or two from now. Buy and hold - it's volatile, but worth having. In fact, it's still one of the best precious metals stocks out there, especially for the patient investor. As for the greedy investor, I'm looking for a triple within two years. That's not bad.
Risks are low: they are producing profitably, unlike most junior precious metals companies, and have proven reserves in a mining-friendly country (Mexico).