Analyst Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Endeavour Silver and keeping the price target at $17.00.
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Heiko Ihle has given his Buy rating due to a combination of factors including solid first‑quarter production, improving operations, and supportive metal prices. Endeavour Silver generated 3.3M silver‑equivalent ounces in 1Q26 and deliberately deferred some metal sales during a brief price dip, positioning the company to benefit from stronger silver and gold prices in 2Q26.
Operationally, throughput at Minera Kolpa is expected to rise meaningfully as new crushing infrastructure and a larger ball mill ramp up, while Terronera should see lower costs from switching to LNG power and moving beyond start‑up inefficiencies. Using conservative discount rates comparable to peers, adding cash and inventories, and subtracting debt, Ihle calculates a NAV of $8.55 per share and applies a 2.0x multiple, supporting his $17 price target and reinforcing the Buy recommendation.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EXK in relation to earlier this year.