| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 31 | 44.6x | 17.8x | Bottom tier | |
Growth | 98 | 198.7% | 7.1% | Top tier | |
Quality | 45 | 18.5% | 4.5% | Around median | |
Safety | 69 | 0.1x | 2.6x | Top tier | |
Capital Return | 25 | — | 2.12% | Bottom tier | |
Momentum | 54 | 60.6% | 2.9% | Around median | |
Sentiment | 70 | 3 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Endeavour Silver Corp. produces metals through the Terronera, Guanacevi, and Kolpa mines, with revenue derived primarily from silver and gold sales, alongside lead and zinc as by-products at Kolpa. During Q2 FY2026, the company produced nearly 2 million ounces of silver and more than 10 thousand ounces of gold, equivalent to a total of 3 million silver-equivalent ounces, up 36% from Q2 FY2025. Its current operating model reflects capacity expansion at Kolpa, the gradual ramp-up of Terronera, and the purchase of third-party ore at Guanacevi.
In Q2 FY2026, revenue reached $212 million, up 150% year over year, while mine operating earnings were $74 million, compared with $7 million in Q2 FY2025. Mine operating cash flow before taxes reached $100 million, up 300%, while adjusted net income was $45 million and adjusted earnings per share were $0.15. In contrast, all-in sustaining costs net of by-products rose to $37 per ounce, up 47%, and direct operating costs per tonne increased 14% due to the strength of the Mexican peso and higher royalties, taxes, profit sharing, and purchased ore.
For historical comparison, the company reported FY2022 revenue of $210.2 million, gross profit of $51.5 million, and net income of $6.2 million, compared with revenue of $165.3 million, gross profit of $36.4 million, and net income of $14 million in FY2021. Accordingly, Q2 FY2026 revenue alone exceeded full-year FY2022 revenue, but the comparison also confirms that sales growth does not automatically translate into a similar expansion in net income because mining costs are sensitive to prices, royalties, currencies, and capital expenditures.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is "Buy," with an average target of $10.5 and a wide range of between $6 and $14.5, while the stock's 52-week range extends from $5.75 to $15.15. Even the highest analyst target is below the 52-week range high, and the wide dispersion among targets reflects the valuation's sensitivity to mining costs, ore grades, and Pitarrilla execution; the absence of an available price-to-earnings ratio also limits direct price-to-earnings comparison.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Endeavour Silver produced nearly 2 million ounces of silver and more than 10 thousand ounces of gold, equivalent to 3 million silver-equivalent ounces and up 36% from Q2 FY2025. Revenue rose 150% to $212 million, and mine operating earnings jumped from $7 million to $74 million. Mine operating cash flow before taxes also reached $100 million, and adjusted net income was $45 million. Performance was supported by the ramp-up of Terronera, increased production capacity at Kolpa, and record metal sales.
Management said on the July 30, 2026 call that silver grades began improving in July and that the expected increase would be gradual through July, August, and September 2026. The company expects higher silver grades in Q3 FY2026 compared with Q2 FY2026. The gold grade is expected to remain near 2 grams per tonne during FY2026. The higher-gold-grade La Luz ore is now included in the FY2027 plan rather than FY2026.
All-in sustaining costs net of by-products reached $37 per ounce in Q2 FY2026, up 47% year over year. Higher metal prices increased royalties, mining duties, profit sharing, and the cost of purchased ore, while the strength of the Mexican peso also raised input costs. At Guanacevi, purchased ore accounted for $130 of the $400 direct cost per tonne, alongside lower-than-planned grades. Management estimated that every $1 increase in the silver price per ounce raises the cost per tonne by approximately $0.90 at Terronera, $3.80 at Guanacevi, and $0.50 at Kolpa.
The new three-stage crusher and ball mill increased the Kolpa plant's capacity to 2,500 tonnes per day, with operations on some days reaching between 2,600 and 2,800 tonnes. Management added $18 million to Kolpa's FY2026 budget, including $5 million in cost overruns and $13 million to bring forward projects from FY2027. The work includes power and water treatment plants, expansion of tailings facilities, the transition to dry-stack storage, and the construction of housing to retain skilled labor. The company expects to issue an updated resource estimate and mine plan for Kolpa by the end of FY2026.
Management expects the Pitarrilla feasibility study to be completed by the end of Q3 FY2026. Its preliminary construction cost estimate is between $500 million and $600 million, with an expected mill capacity of 3,500 to 4,000 tonnes per day and the potential to complete construction by 2030. Cash stood at $236 million as of June 30, 2026, and management says liquidity and future cash flows are allocated primarily to the project. However, the tailings storage facility permit remains the main bottleneck, and part of FY2026 spending may shift to FY2027.
Management said on July 30, 2026 that growth plans for the next 5 years remain substantial and that the current capital allocation priority is Pitarrilla. It preliminarily estimated the project's construction cost at between $500 million and $600 million, while convertible debt totals approximately $350 million. Management indicated that discussing dividends or share repurchases becomes more realistic after Pitarrilla is built and the company reaches a larger operating scale, with 2030 presented as a potential timeframe for completing construction. Therefore, in the information provided, the company did not announce a specific program or scheduled date for returning capital to shareholders.
