Analyst Heiko Ihle of H.C. Wainwright reiterated a Buy rating on Endeavour Silver, retaining the price target of $8.75.
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Heiko Ihle has given his Buy rating due to a combination of factors including Endeavour Silver’s significant revenue growth and ongoing operational improvements. The company’s revenue increased notably due to the acquisition of Minera Kolpa and initial contributions from the Terronera project, despite experiencing a net loss driven by higher costs and tax expenses.
Additionally, the progress at Terronera is promising, with increased processing rates and recovery optimization efforts underway, which are expected to enhance future profitability. The strong balance sheet, with substantial cash reserves, supports further asset development and operational sustainability. Ihle’s valuation also considers the company’s asset portfolio and applies discount rates consistent with industry standards, leading to a price target of $8.75.
Ihle covers the Basic Materials sector, focusing on stocks such as Integra Resources Corp, Avino Silver & Gold, and Gold Resource. According to TipRanks, Ihle has an average return of 27.5% and a 63.49% success rate on recommended stocks.
In another report released on August 6, Raymond James also maintained a Buy rating on the stock with a C$8.00 price target.