Higher Silver Prices Spark Double Digit Gains For Endeavour Silver (EXK)

We recently published a list of Small But Mighty: 10 Stocks That Stunned Wall Street Today. In this article, we are going to take a look at where Endeavour Silver Corp. (NYSE:EXK) stands against other stocks that stunned Wall Street on Monday.

Endeavour Silver grew its share price by 11.14 percent on Monday to close at $4.99 apiece, mirroring higher silver prices that hit a new all-time high during the day.

As of 4:59PM ET, the spot prices of silver were up by 2.17 percent at $36.76 per troy ounce, extending a record high, as investors continued to flock to precious metals for safety while waiting for more concrete developments in the ongoing US-China trade talks.

Endeavour Silver Corp. (NYSE:EXK) currently operates mines in Mexico and Peru, in addition to exploration projects in the said countries, as well as in the US, Mexico, and Chile.

A bird’s eye view of a team in protective gear operating heavy machinery in a silver extraction site.

In the first quarter of the year, Endeavour Silver Corp. (NYSE:EXK) widened its net loss by more than 2,600 percent to $32.9 million from only $1.2 million in the same period last year. Revenues were flat at $63 million.

In the same period, the company was able to produce 1.2 million ounces of silver, lower by 17 percent lower than the 1.46 million ounces produced in the same period last year.

Overall, EXK ranks 7th on our list of stocks that stunned Wall Street on Monday. While we acknowledge the potential of EXK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.