Setting Up Technical Traps: Endeavour Silver Corp. (EXK), Dollar General Corporation (DG)

You should consider shares of Endeavour Silver Corp. (NYSE:EXK) and Dollar General Corporation (NYSE:DG) if you are looking for a great stocks to invest in. Starting with the EXK shares, which traded at $2.17 at the close of the recent session, gaining 3.33%. On Wednesday, the company’s shares shed $0.07 from its value which represented in intraday trading. The stock is now -9.96% lower in year-to-date (YTD) trading. EXK’s intraday high was $2.19 while its lowest price touched $2.08. The stock’s 52-week high price is $3.20, which means the current price is at -32.19%. In terms of trading activity, the daily trading volume fell to 2097260 against 200-day average trading volume of 2,423,517 shares.

What are analyst forecasts for Endeavour Silver Corp. (NYSE:EXK)?

At a consensus rating of 4.50, EXK is trending as a streaking Strong Buy, as it has been the case a month ago when 4 analysts called it a Strong Buy. Two months ago, 4 analysts recommended, on average, that EXK stock is a Strong Buy. The Basic Materials company’s shares’ overall bullish trend saw it close lower on Wednesday compared to its opening price of $2.13 on the day.

Forecasts for Endeavour Silver Corp. (NYSE:EXK) give the stock a fair value for the growth of 8.82% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $2.38, which means the price per share could rise by nearly $0.21. The price range target is between a low of $2.27 and a high of $3.00. The stock would need to gain by about $27.67 to hit the estimated high or 0.77% from its 12-month low.

The consensus among 9 analysts is that it is a good time for one to Hold in the Endeavour Silver Corp. 3 analysts rate EXK as a Buy, with 1 of 9 analysts rate it as a Sell. 0 have valued the stock as Overweight and 5 have recommended that investors Hold.

Endeavour Silver Corp. (NYSE:EXK) Upgrades and Downgrades

In terms of rating changes, H.C. Wainwright on November 22, 2019, Reiterated Endeavour Silver Corp. (EXK) at Buy. They believe the stock could reach $3 in the near term. Analysts at Noble Capital Markets have assigned a Market Perform rating for the stock in their research note on May 07, 2019. Moreover, Noble Capital Markets analysts issued a rating of Outperform for the stock on January 14, 2019, giving it a price target of $3 for the next 12 months. On November 01, 2018, the stock earned a Market Perform rating due to an analyst call from Noble Capital Markets, while analysts from BMO Capital Markets on November 17, 2017 suggested that the stock is Market Perform.

Dollar General Corporation (NYSE:DG) adds -$1.39 on Wednesday

The DG stock has risen 0.39% year-to-date and is currently trading at $156.59, which is -6.22% below its 52-week high. The company shares lost -0.88% on the day and have risen nearly 44.00% off a low hit. At current levels, Dollar General Corporation has a valuation of about $27.25B. As of 01/15/20, this stock has risen 3.33% during the week and closed at $157.98 in the previous session. However, recent Dollar General Corporation stock performance shows that DG shares are 1.27% up over the last month, and -3.38% down for the last three months.

Earnings per share (EPS) estimates for the current quarter are $1.88, with the trailing 12-month share earnings at $6.34. The ratio is expected to be up by 11.40% for the current year 2019 and 11.60% for next year. Over the next 5-year period, earnings per share will be 10.83%. But will the DG stock surprise in the current quarter results, where the $1.42 actual EPS reported on 10/30/2019 surprised by 2.90% or was higher by $0.04 from the estimated $1.38.

Sales Growth to climb 7.60% for the year

How well will Dollar General Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $7.12B and $7.21B in current quarter sales. The consensus estimated for the current quarter is $7.15B from sales. Forecasts for this fiscal year are between $27.71B and $27.9B and the consensus estimate for sales is at $27.75B.

Who owns shares in Dollar General Corporation (DG)?

Let’s briefly focus on the share ownership of the Dollar General Corporation (NYSE:DG) stock, where we find that 95.49% of shares are held by institutions. Price (T.Rowe) Associates Inc tops the list of institutional owners as it is holding 25.82 million shares or 10.14% of shares outstanding. Blackrock Inc. and Vanguard Group, Inc. (The) held 24.56 million and 19.93 million representing 9.65% and 7.83% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 11.36 million shares at over 1.81 billion. This represented 4.46% of shares outstanding. Barrow, Hanley Mewhinney & Strauss, LLC held 10.05 million shares at over 1.6 billion representing 3.95% of shares outstanding.

DG Insider Activity

On 3/22/2019, Chief People Officer & Executive Vice President by the name Ravener Robert D sold 78987.0 shares worth $9.3 million at the price of $117.78 per share. Filings also show that Ravener Robert D sold a total of 33897.0 shares on 4/04/2019 valued at $4.1 million. Since the last insider activity, the company’s share price has climbed 30.32%.