Endeavour Silver (EDR) AI Stock Analysis

• Market Cap: C$4.37B
• Dividend Yield: N/A
• Average Volume (3M): 1.79M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.55
• Revenue Growth: 50.37%
• EPS Growth: -191.85%
• Country: CA
• Employees: 1,539
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): -0.01
• Shares Outstanding: 294,177,500
• 10 Day Avg. Volume: 2,278,665
• 30 Day Avg. Volume: 1,785,037
• PEG Ratio: 0.05
• Price to Book (P/B): 1.86
• Price to Sales (P/S): 4.14
• P/FCF Ratio: -5.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$17.92
• Price Target Upside: 21.59% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: C$19.00 ▲(28.90% Upside)

The score is primarily held back by weak financial performance (losses, negative ROE, and negative free cash flow) and an unattractive valuation signal from a negative P/E. These are partially offset by strong technical momentum (price above key moving averages with positive MACD) and an earnings update showing rapid production/revenue growth and Terronera’s commercial production milestone, albeit with elevated costs and derivative-driven net losses.

Positive Factors

Material production ramp

An 88% year-over-year production jump indicates the company is scaling output materially, improving structural revenue capacity and fixed-cost absorption. Sustained higher production supports long-term cash generation potential and strengthens market position in silver-gold supply over the next 2–6 months and beyond.

Significant revenue expansion

A 109% revenue increase reflects durable top-line growth from new mine contributions and higher realized metal sales. Persistent higher revenues improve operational resilience and the ability to fund exploration and sustaining capital, supporting longer-term growth initiatives and reinvestment into high-return projects.

Terronera reaches commercial production

Terronera entering commercial production is a structural shift in asset base and capacity, adding a recurring production stream. Reliable throughput near design capacity enhances medium-term resource conversion, supports forecastable output, and underpins future unit-cost improvements as commissioning completes.

Negative Factors

Negative free cash flow

Persistently negative free cash flow signals constrained internal funding for sustaining capital, exploration, or debt reduction. Over months this pressures liquidity choices, may necessitate external financing or asset sales, and weakens the firm’s ability to self-fund growth without diluting shareholders or increasing leverage.

Weak profitability and negative ROE

Negative ROE and ongoing operating losses show the company is not yet converting growth into returns. Structurally weak profitability undermines long-term shareholder value creation, limits retained earnings for reinvestment, and raises reliance on external capital until margins sustainably improve.

Elevated unit costs

Higher AISC and cash costs compress margins and increase sensitivity to metal price declines. Persistently elevated unit costs reduce free cash flow leverage from higher production, challenge competitiveness versus lower-cost peers, and make profitable scaling contingent on durable cost control or higher metal prices.

Endeavour Silver Business Overview & Revenue Model

Company Description

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico and Chile. The company explores for gold and silver deposits, and precious metals. The company operates two producing silver-gold mines in Mexico, such as the Guanaceví mine in Durango; and the Bolañitos mine in Guanajuato. It is also advancing two exploration and development projects in Mexico, including the Terronera property in Jalisco; and the Parral properties in Chihuahua. In addition, the company holds interests in three exploration projects in northern Chile comprising the Aida silver project, the Paloma gold project, and the Cerro Marquez copper-molybdenum gold project. The company was formerly known as Endeavour Gold Corp. and changed its name to Endeavour Silver Corp. in September 2004. Endeavour Silver Corp. was incorporated in 1981 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Endeavour Silver generates revenue primarily through the mining and sale of silver and gold. The company operates several mines in Mexico, where it extracts precious metals and sells them in the global market. Key revenue streams include the direct sale of mined silver and gold products, as well as potential by-products from its mining operations. Additionally, Endeavour Silver benefits from rising precious metal prices, which can significantly impact its earnings. The company may also engage in hedging strategies to manage price volatility. Partnerships with various suppliers and service providers in the mining industry contribute to its operational efficiency and cost management, further supporting its revenue generation.

Endeavour Silver Financial Statement Overview

Summary

Strong revenue growth is offset by weak profitability (negative net profit/EBIT margins), negative ROE, and negative/declining free cash flow, despite manageable leverage (debt-to-equity 0.26).

Income Statement

Endeavour Silver's income statement shows a mixed performance. The company has experienced a significant revenue growth rate of 33.23% in the TTM, indicating strong top-line growth. However, profitability metrics are concerning, with negative net profit and EBIT margins, reflecting operational challenges. The gross profit margin has declined compared to previous years, suggesting increased cost pressures.

Balance Sheet

The balance sheet is relatively stable with a moderate debt-to-equity ratio of 0.26, indicating manageable leverage. However, the return on equity is negative, highlighting profitability issues. The equity ratio remains strong, suggesting a solid capital structure, but the negative ROE is a concern for long-term value creation.

Cash Flow

Cash flow analysis reveals challenges, with negative free cash flow and a declining free cash flow growth rate. The operating cash flow to net income ratio is positive, indicating some operational cash generation, but the free cash flow to net income ratio is negative, reflecting cash flow difficulties.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	330.06M	217.64M	205.46M	210.16M	165.32M	138.46M
Gross Profit	30.75M	42.08M	36.61M	51.52M	36.37M	27.34M
EBITDA	-24.50M	10.03M	47.86M	51.83M	31.55M	28.73M
Net Income	-93.83M	-31.48M	6.12M	6.20M	13.96M	1.16M
Balance Sheet
Total Assets	1.02B	719.25M	474.81M	399.44M	294.02M	210.59M
Cash, Cash Equivalents and Short-Term Investments	58.12M	107.50M	40.42M	92.04M	114.50M	65.85M
Total Debt	128.06M	120.86M	9.53M	15.58M	11.49M	10.77M
Total Liabilities	508.22M	234.81M	88.47M	83.54M	56.62M	51.52M
Stockholders Equity	508.80M	484.44M	386.34M	315.89M	237.41M	159.07M
Cash Flow
Free Cash Flow	-129.15M	-176.27M	-106.02M	-54.72M	-30.63M	13.43M
Operating Cash Flow	47.13M	19.11M	11.77M	54.99M	23.46M	38.96M
Investing Cash Flow	-244.27M	-183.46M	-108.00M	-111.45M	-38.01M	-29.81M
Financing Cash Flow	200.04M	236.00M	48.92M	36.76M	56.65M	27.54M

Endeavour Silver Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 14.74
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EDR, the sentiment is Neutral. The current price of 14.74 is below the 20-day moving average (MA) of 16.42, above the 50-day MA of 14.06, and above the 200-day MA of 9.49, indicating a neutral trend. The MACD of 0.87 indicates Positive momentum. The RSI at 43.39 is Neutral, neither overbought nor oversold. The STOCH value of 14.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:EDR.

Endeavour Silver Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ASM	74 Outperform	$1.91B	60.67	14.35%	―	65.77%	458.38%
GGD	74 Outperform	$1.22B	48.39	5.38%	―	104.08%	832.86%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
NUAG	60 Neutral	C$840.98M	-170.45	-2.40%	―	―	40.00%
EDR	53 Neutral	C$4.37B	-31.20	-20.46%	―	50.37%	-191.85%
SLVR	53 Neutral	C$519.13M	-86.49	-4.86%	―	―	-14.43%
ABRA	41 Neutral	C$1.90B	-34.73	-122.96%	―	―	-171.41%

Endeavour Silver Corporate Events

Endeavour Silver Prices $300 Million Convertible Notes Offering

Endeavour Silver Corp. has announced the pricing of its offering of unsecured convertible senior notes due 2031, aiming to raise $300 million, with an option to increase to $350 million. The proceeds will be used to repay existing debt, fund the Pitarrilla project in Mexico, and support general corporate purposes, including strategic opportunities. This move is expected to enhance Endeavour’s financial flexibility and support its growth initiatives, potentially strengthening its position in the silver mining industry.

The most recent analyst rating on (TSE:EDR) stock is a Hold with a C$14.00 price target. To see the full list of analyst forecasts on Endeavour Silver stock, see the TSE:EDR Stock Forecast page.

Endeavour Silver Announces $300 Million Convertible Notes Offering

Endeavour Silver Corp. has announced a private placement offering of US$300 million in unsecured convertible senior notes due 2031, with an option for initial purchasers to buy an additional US$45 million. The proceeds from this offering are intended to repay the company’s existing credit facility, fund the advancement of the Pitarrilla project in Mexico, and support general corporate purposes. This strategic financial move is expected to enhance Endeavour’s operational capabilities and strengthen its position in the silver mining industry.

The most recent analyst rating on (TSE:EDR) stock is a Hold with a C$14.00 price target. To see the full list of analyst forecasts on Endeavour Silver stock, see the TSE:EDR Stock Forecast page.

Endeavour Silver to Sell Bolañitos Mine to Guanajuato Silver

Endeavour Silver Corp. has entered into a definitive agreement to sell its Bolañitos gold-silver mine in Mexico to Guanajuato Silver Company Ltd. for up to $50 million. This transaction is part of Endeavour’s strategy to focus on its core silver assets, such as the Terronera and Pitarrilla projects, positioning the company for sustainable growth and enhancing its market position in the silver mining industry.

The most recent analyst rating on (TSE:EDR) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Endeavour Silver stock, see the TSE:EDR Stock Forecast page.