Heiko Ihle, an analyst from H.C. Wainwright, reiterated the Buy rating on Endeavour Silver (EXK – Research Report). The associated price target remains the same with $7.25.
Heiko Ihle has given his Buy rating due to a combination of factors that highlight Endeavour Silver’s potential for growth and value. The company recently reported its first quarter production results for 2025, showing a decrease in production primarily due to lower output from the Guanaceví mine, although this was partially offset by higher silver grades at Bolañitos. Despite the lower production, both mines operated according to their plans, and there are expectations for increased production in the latter half of 2025 with the upcoming commissioning of the Terronera project.
Additionally, Endeavour Silver completed a $45.0 million equity raise to support its acquisition of the Huachocolpa Uno Mine, which is expected to enhance the company’s production capabilities and asset base. This strategic acquisition is anticipated to close within 60 days and aligns with the firm’s growth objectives. The valuation of the company remains robust, with a discounted cash flow analysis supporting a price target of $7.25, reflecting the company’s strong asset base and favorable market conditions.
In another report released on April 2, Alliance Global Partners also reiterated a Buy rating on the stock with a $6.00 price target.