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Endeavour Silver Corp.

Recommendation: Buy

Entry Date Symbol Recommendation Entry Price (CAD) Target 1 (CAD) Target 2 (CAD) Holding Duration Position Status Return(%)*
13 Feb, 26 EDR Buy CAD 14.95 CAD 15.75 CAD 16.5 Same day Closed 7.09%

*Return(%) represent the percentage change between the entry price and exit price of the recommendation.

Fundamentals

  • Previous Close 12.19
  • Market Cap3788.68M
  • Volume454732
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA113.10M
  • Revenue TTM467.50M
  • Revenue Per Share TTM1.65
  • Gross Profit TTM 155.80M
  • Diluted EPS TTM-0.54

Data Powered by EOD Historical Data (“EODHD”).

Company Overview

Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Mexico, Chile, Peru, and the United States. It primarily explores for gold and silver deposits, and precious metals, as well as polymetals. 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.

Key Positives

Higher Mine operating earnings: USD 15.6 mn in Q3 FY25 vs USD 12.4 mn in Q3 FY24

Rise in Revenue: USD 142.8  mn in Q3 FY25 vs USD 53.4 mn in Q3 FY24 

Key Negatives

Higher Net Loss: USD 41.9 mn in Q3 FY25 vs USD 17.3 mn in Q3 FY24

Lower Current Ratio : 0.79x in Q3 FY25 vs 2.54x of Industry Median

 

Key Investment Risks

Lower production, Commodity price, Market & competitive risks, Regulatory and legal risks, etc.

Recommendation Summary

Technical Summary

Entry Price Support* Target 1** Target 2**
14.95 13.4 15.75 16.5

Data Source: REFINITIV, Analysis: StockNextt

*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.

**Target prices may vary by ±0.5% depending on market volatility.

Key Reasons for Buy

Transformational Production Growth: The company delivered an exceptional Q3 2025, with silver equivalent production surging 88% year-over-year to 3.0 million ounces, excluding Terronera. Revenue rose 77% to USD 94.5 million on higher volumes and higher realized prices (USD 38.58/oz silver and USD 3,550/oz gold). Operating cash flow before working capital more than doubled to USD 39.7 million, highlighting strong operational momentum and leverage to elevated metal prices.

Unlocking Next Phase of Growth: The The successful commissioning and declaration of commercial production at Terronera on October 1, 2025 marks a major milestone. The plant operated at over 90% of its 2,000 tpd nameplate capacity with strong recoveries, positioning the company for meaningful production growth. With four operating mines now contributing, Endeavour is entering a new scale phase with enhanced diversification and cash flow potential.

Improving Operating Earnings: The addition of Kolpa strengthened the portfolio and contributed USD 3.9 million in operating earnings during the quarter. Mine operating earnings improved to USD 15.6 million, supported by higher metal prices and stronger performance at Bolañitos and Guanaceví. Despite temporary derivative-related losses, underlying EBITDA doubled year-over-year to USD 28.2 million, reflecting improving core profitability and operating leverage.

Considering the expected valuation upside, transformational production growth, terronera commercial production unlocking next phase of growth, expanding asset base, and other key business risks, a ‘Buy’ recommendation has been given on the stock at the last closing price of CAD 14.95, as on February 12, 2026

Key Financials in Pictures

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Data Powered by EOD Historical Data (“EODHD”).

Peer Comparison

Sector: Basic Materials Industry: Silver

Company Change (CAD) Price (CAD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
EDR
Endeavour Silver Corp.
-0.18 1.48% 12.01 - 11.35 8.10 5.12 6.44 31.00
AG
First Majestic Silver Corp
-0.22 0.86% 25.26 58.43 19.88 10.77 3.58 7.32 13.72
DSV
Discovery Silver Corp.
-0.14 1.60% 8.59 51.21 12.90 12.07 9.78 8.83 19.88
SVM
Silvercorp Metals Inc
-0.18 1.13% 15.80 - 10.44 9.83 3.83 6.52 24.64
AYA
Aya Gold & Silver Inc
-0.02 0.07% 28.10 53.45 10.45 16.64 5.93 12.08 24.15

Data Powered by EOD Historical Data (“EODHD”).

Disclosures:

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on February 13, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.

Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.

Disclaimer :
This report has been issued by StockNextt which has an Ontario Business Identification Number 1000958347 and British Columbia registration Number FM1051529 is a trade name under Kalkine Canada Advisory Services Inc. having Business Number 761925130BC0001. Kalkine Canada Advisory Services Inc. and StockNextt are collectively referred to as “StockNextt”, “we”, “us”, and “our”. The website https://stocknextt.com and associated pages are published by StockNextt. The information in this report and on the StockNextt website has been prepared from a wide variety of sources, which StockNextt, to the best of its knowledge and belief, considers accurate. StcokNextt has made every effort to ensure the reliability of information contained in its reports, newsletters, and websites. All information represents our views at the date of publication and may change without notice. The information in this report does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products. Our reports contain general recommendations for investing in securities and other financial products. StockNextt does not offer financial advice based upon your personal financial situation or goals, and we shall not be held liable for any investment or trading losses you may incur by using the opinions expressed in our reports, publications, market updates, news alerts and corporate profiles. StockNextt does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. StockNextt’s general advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested. Please also read our Terms and conditions for further information. Employees and/or associates of StockNextt and its related entities may hold an interest in the securities or other financial products covered in this report or on the StockNextt website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

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