BMO Capital analyst Kevin O’Halloran has maintained their bullish stance on EXK stock, giving a Buy rating yesterday.
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Kevin O’Halloran has given his Buy rating due to a combination of factors including the expectation that Endeavour Silver’s operating costs will trend lower through 2026 as the Terronera mine completes its ramp‑up and efficiency measures take hold. Management is implementing several cost‑reduction initiatives, such as transitioning to LNG power, optimizing waste handling, and benefiting from higher grades anticipated in the second half, all of which should improve margins despite the recent quarter’s cost pressures.
O’Halloran also points to a compelling growth profile, with Terronera ramping toward full contribution and the Minera Kolpa acquisition set to materially lift production while further reducing unit costs, enhancing the company’s leverage to silver prices. In addition, the potential development of the Pitarrilla project and the strengthening of the leadership team with seasoned industry veterans support a more robust long‑term outlook, underpinning his positive stance on the shares.
In another report released yesterday, B. Riley Securities also maintained a Buy rating on the stock with a $16.00 price target.
EXK’s price has also changed dramatically for the past six months – from C$8.960 to C$17.980, which is a 100.67% increase.