Endeavour Silver (NYSE:EXK) Announces Quarterly Earnings Results

Endeavour Silver (NYSE:EXK) (TSE:EDR) issued its quarterly earnings results on Friday. The mining company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01), Zacks reports. Endeavour Silver had a negative return on equity of 1.34% and a negative net margin of 31.18%.

Here are the key takeaways from Endeavour Silver’s conference call:

• Transformational 2025 and stronger balance sheet: the company completed the Kolpa acquisition, brought Terronera to commercial production, closed the Bolanitos sale, raised $350 million via convertible debt and finished 2025 with $215 million cash while reporting record revenue of $468 million and 11 million ounces silver‑equivalent production.
• Terronera faced operational challenges (electrical interruptions during diesel‑gens operation and a temporary shutdown tied to a local Code Red security mandate) that drove elevated Q4 operating costs, higher direct costs per ton and raised All‑in sustaining costs.
• Management expects meaningful cost and stability improvements at Terronera in 2026 as it transitions from diesel to an on‑site LNG plant in Q2, demobilizes construction crews, optimizes workforce/logistics and ramps into higher‑grade zones in H2.
• Derivative and financing impacts remain a drag: roughly 50,000 ounces of gold hedges locked at $2,325 (from the project loan) unwind through 2026–2027, producing realized/mark‑to‑market losses that depressed adjusted net earnings in Q4.
• Pitarrilla is being advanced as a major growth engine with a planned $68 million 2026 program (feasibility NI 43‑101 targeted for Q3 2026, early works and long‑lead equipment procurement) positioning a construction decision in early 2027.

Endeavour Silver Price Performance

EXK stock traded down $0.13 during mid-day trading on Friday, hitting $13.90. The company had a trading volume of 17,258,585 shares, compared to its average volume of 15,170,344. The company has a 50-day moving average price of $11.44 and a 200 day moving average price of $8.88. Endeavour Silver has a 12-month low of $2.95 and a 12-month high of $15.15. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of -40.89 and a beta of 1.23. The company has a quick ratio of 0.57, a current ratio of 0.79 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Endeavour Silver in a report on Monday, January 19th. Raymond James Financial restated an “outperform” rating on shares of Endeavour Silver in a research report on Wednesday, January 14th. Alliance Global Partners reaffirmed a “buy” rating on shares of Endeavour Silver in a report on Friday, January 9th. HC Wainwright reiterated a “buy” rating and issued a $14.50 price target (up from $11.00) on shares of Endeavour Silver in a research note on Friday, January 9th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Endeavour Silver in a report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $13.88.

Institutional Investors Weigh In On Endeavour Silver

Hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd grew its holdings in Endeavour Silver by 389.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,583 shares of the mining company’s stock valued at $43,000 after buying an additional 3,647 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Endeavour Silver during the 4th quarter valued at approximately $96,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Endeavour Silver in the first quarter valued at $100,000. Franklin Resources Inc. purchased a new position in shares of Endeavour Silver in the fourth quarter valued at $100,000. Finally, Schroder Investment Management Group increased its position in Endeavour Silver by 8.8% in the fourth quarter. Schroder Investment Management Group now owns 10,966 shares of the mining company’s stock worth $107,000 after purchasing an additional 887 shares during the last quarter. 20.06% of the stock is currently owned by hedge funds and other institutional investors.

About Endeavour Silver

Endeavour Silver Corp. is a Vancouver-based precious metals mining company focused on the acquisition, development and operation of silver and gold properties in Mexico. Publicly listed on the New York Stock Exchange under the ticker EXK, the company has positioned itself as a mid-tier producer with a portfolio of high-grade, operating mines and exploration assets in key mineral belts.

Endeavour Silver’s core business activities revolve around four principal underground mines located in the states of Durango, Zacatecas, Guanajuato and Jalisco.