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Endeavour Silver
(TSX:EDR)
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Rating:53Neutral
Price Target:
C$10.00
▼(-34.77% Downside)
Action:Reiterated
Date:09/24/26
The score is held back primarily by mixed financial performance—especially inconsistent net profitability and persistently negative free cash flow—along with a technically weak price position versus major moving averages and a high P/E. These are partially offset by a constructive earnings call highlighting strong operational gains, improved cash generation at the mine level, and visible progress on key growth projects despite higher costs and capex.
Positive Factors
Production Growth
The sharp increase in silver-equivalent output and revenue indicates that operating assets are scaling and converting production into substantially greater sales. If production improvements persist, broader throughput and mine performance can support stronger earnings capacity and fund development over the next several quarters.
Negative Factors
Negative Free Cash Flow
Persistently negative free cash flow means operating cash generation has not yet covered investment requirements, limiting financial flexibility despite improving mine-level cash flow. Until spending moderates or cash generation rises further, the company may have less capacity to fund growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Production Growth
The sharp increase in silver-equivalent output and revenue indicates that operating assets are scaling and converting production into substantially greater sales. If production improvements persist, broader throughput and mine performance can support stronger earnings capacity and fund development over the next several quarters.
Read all positive factors
Endeavour Silver (EDR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.98B
Dividend YieldN/A
Average Volume (3M)1.05M
Price to Earnings (P/E)31.6
Beta (1Y)3.73
Revenue Growth197.63%
EPS GrowthN/A
CountryCA
Employees2,160
SectorBasic Materials
Sector Strength58
IndustrySilver
Share Statistics
EPS (TTM)N/A
Shares Outstanding296,144,470
10 Day Avg. Volume913,099
30 Day Avg. Volume1,050,048
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)4.60
Price to Sales (P/S)5.68
P/FCF Ratio-22.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$21.96Price Target Upside43.28% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Endeavour Silver Business Overview & Revenue Model
Company Description
Endeavour Silver Corp. is a mining company primarily focused on silver, managing the complete lifecycle of mineral properties from acquisition and exploration through development, extraction, processing, refining, and reclamation. Its operations a...
How the Company Makes Money
Endeavour Silver primarily makes money by producing and selling precious metals—mainly silver and gold—from its mining operations. Its revenue model is driven by: (1) Metal sales: After mining and processing ore, the company sells produced metals ...
Endeavour Silver Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
41
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 733.69M | 468.46M | 217.64M | 205.46M | 210.16M | 165.32M |
| Gross Profit | 207.64M | 51.59M | 42.08M | 36.61M | 51.52M | 36.37M |
| EBITDA | 261.33M | 104.70M | 10.03M | 47.86M | 51.83M | 54.94M |
| Net Income | 64.05M | -121.18M | -31.48M | 6.12M | 6.20M | 13.96M |
Balance Sheet | ||||||
| Total Assets | 1.27B | 1.23B | 719.25M | 474.81M | 399.44M | 294.02M |
| Cash, Cash Equivalents and Short-Term Investments | 243.00M | 216.01M | 107.50M | 40.42M | 92.04M | 114.50M |
| Total Debt | 246.40M | 243.46M | 120.86M | 9.53M | 15.58M | 11.49M |
| Total Liabilities | 558.89M | 655.41M | 234.81M | 88.47M | 83.54M | 56.62M |
| Stockholders Equity | 711.24M | 578.05M | 484.44M | 386.34M | 315.89M | 237.41M |
Cash Flow | ||||||
| Free Cash Flow | -40.96M | -116.61M | -176.27M | -106.02M | -54.72M | -30.63M |
| Operating Cash Flow | 99.37M | 55.56M | 19.11M | 11.77M | 54.99M | 23.46M |
| Investing Cash Flow | -109.59M | -244.51M | -183.46M | -108.00M | -111.45M | -38.01M |
| Financing Cash Flow | 197.39M | 308.00M | 236.00M | 48.92M | 36.76M | 56.65M |
Endeavour Silver Technical Analysis
Negative
15.33
Price Trends
13.12
Negative
12.56
Negative
13.55
Negative
Market Momentum
-0.68
Positive
32.16
Neutral
32.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EDR, the sentiment is Negative. The current price of 15.33 is above the 20-day moving average (MA) of 11.44, above the 50-day MA of 13.12, and above the 200-day MA of 13.55, indicating a bearish trend. The MACD of -0.68 indicates Positive momentum. The RSI at 32.16 is Neutral, neither overbought nor oversold. The STOCH value of 32.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:EDR.
Endeavour Silver Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | C$1.40B | 21.11 | 11.73% | ― | 63.57% | 227.78% | |
72 Outperform | C$1.03B | 15.91 | 18.43% | ― | 54.43% | 148.97% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$2.98B | 31.62 | 10.49% | ― | 197.63% | ― | |
50 Neutral | C$461.04M | -60.87 | -3.50% | ― | ― | 4.13% | |
47 Neutral | C$1.25B | -193.52 | -2.93% | ― | ― | -4.92% | |
42 Neutral | C$1.62B | -23.53 | -104.74% | ― | ― | -40.34% |
* Basic Materials Sector Average
TSE:EDR
Endeavour Silver
10.05
-1.47
-12.76%
TSE:ASM
Avino Silver & Gold
6.07
-0.46
-7.04%
TSE:SLVR
Silver Tiger Metals
0.70
-0.02
-2.78%
TSE:GGD
GoGold Resources
3.23
0.67
26.17%
TSE:ABRA
AbraSilver Resource
10.05
3.48
52.97%
TSE:NUAG
New Pacific Metals
6.76
3.58
112.58%
Endeavour Silver Corporate Events
Business Operations and Strategy
Endeavour Silver Cuts Guanacevi Mill Throughput During Short-Term Repair
Neutral
Sep 22, 2026
Endeavour Silver has temporarily reduced processing capacity at its Guanacevi mine in Mexico after identifying a mechanical problem with the primary ball mill, which was taken offline on September 21 for repairs. The company is replacing the mill ...
Business Operations and Strategy
Endeavour Silver to Restart Operations at Terronera Mine After Blockade Ends
Positive
Aug 23, 2026
Endeavour Silver Corp. has removed a community blockade at its Terronera Mine in Mexico, clearing the way for operations to resume on August 24, 2026 after the disruption. The company is continuing its engagement with the local Ejido community to ...
Business Operations and Strategy
Endeavour Silver Maintains Terronera Mine Suspension Amid Ongoing Community Blockade Talks
Negative
Aug 21, 2026
Endeavour Silver reports that operations at its Terronera mine in Jalisco, Mexico remain temporarily suspended due to an ongoing community blockade, with no material change in status since the initial announcement. Management is in continued, cord...
Business Operations and StrategyLegal Proceedings
Endeavour Silver Halts Terronera Operations After Community Blockade
Negative
Aug 17, 2026
Endeavour Silver has temporarily suspended operations at its Terronera mine in Jalisco, Mexico, following an illegal blockade by members of a nearby Ejido community that began on August 12. The community is pressing for commitments on road mainten...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.