Endeavour Silver Reports Positive Drill Results at Pitarrilla Project

Endeavour Silver ( (TSE:EDR) ) has provided an update.

Endeavour Silver has announced positive results from its 2024/2025 drilling program at the Pitarrilla project in Durango, Mexico. The drilling has successfully intersected high-grade silver, zinc, and lead mineralization, enhancing confidence in upgrading existing mineral resources. The exploration program aims to define the geometry of mineralized structures and has confirmed the presence of multiple high-grade veins, which could significantly impact the company’s resource estimates and strengthen its position in the mining industry.

The most recent analyst rating on (TSE:EDR) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Endeavour Silver stock, see the TSE:EDR Stock Forecast page.

Spark’s Take on TSE:EDR Stock

According to Spark, TipRanks’ AI Analyst, TSE:EDR is a Neutral.

The overall score reflects strong production and strategic expansions, weighed down by financial instability and valuation concerns. While corporate events and project progress are positive, profitability and cash flow issues remain significant risks.

To see Spark’s full report on TSE:EDR stock, click here.

More about Endeavour Silver

Endeavour Silver Corp. is a mining company primarily focused on the exploration and production of silver, zinc, and lead. The company operates in the mining industry with a market focus on high-grade mineral deposits, particularly in Mexico.

Average Trading Volume: 1,041,433

Technical Sentiment Signal: Sell

Current Market Cap: C$1.57B

See more insights into EDR stock on TipRanks’ Stock Analysis page.