EXK

Rating buyAI Memo

Endeavour Silver

As of 2026-02-03/Confidence medium

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Data freshness

AI Memo

As of 2026-02-03 • Model: RankAlpha Sentiment AI

Decision Panel

Action, confidence, horizon, and decision blockers at a glance.

Action

buy

Confidence

medium

Horizon

—

Key catalyst

Metals price movement (silver, gold) • 2026-05-04

Base target: $13 / p=60% prob

Biggest risk

Prolonged weak silver prices, cost inflation, production misses or permitting setbacks compress cash flow and force multiple contraction toward the analyst low (5.82) within a 12-month horizon.

Invalidation

Break below $6 or thesis failure.

What would change my mind?

Sustained higher silver prices plus operational outperformance (grade/recovery beats, reserve upgrades or successful permitting) drive free cash flow and multiple expansion toward the analyst high (16.0) within a 12-month horizon.

Research note

Recommendation

buy

Confidence

medium

As of

2026-02-03

Base target

$13

p=60%

Bull target

$16

p=20%

Bear target

p=20%

Key bullets

Fast scan of bull, bear, and watch items

BullKey bullets

Quarterly production & grade release
Permitting, resource updates or M&A optionality
Sustained higher silver prices plus operational outperformance (grade/recovery beats, reserve upgrades or successful permitting) drive free cash flow and multiple expansion toward the analyst high (16.0) within a 12-month horizon.

BearKey bullets

Cost inflation, currency moves, or royalty/tax changes that compress margins
Operational disruptions (grades, recoveries, processing) causing production misses
Permitting, environmental or regulatory delays for Mexican operations

WatchKey bullets

Metals price movement (silver, gold)

Summary

High-level snapshot

Recommendation

buy

Model confidence

medium

Timeframe

Asset

Equity

Trigger

Base case: $13 (p=60%)

Target spread vs base: +21% / -56%

Scenario probabilities

Bull Target: $16 (p=20%)Base Target: $13 (p=60%)Bear Target: $6 (p=20%)

Commentary

Sentiment is cautiously constructive: the analyst median sits above the current anchor, implying modest base-case upside, but wide low-to-high dispersion underscores sensitivity to metal prices and execution. Near-term volatility will be driven by the upcoming quarterly update and any material silver-price moves; over 12 months, permitting progress and reserve updates will determine re-rating potential.

As of 2026-02-03 • Updated bi-weekly / post-earningsSource: Internal modelMethodology

Analyst Summary

Thesis highlights from the latest analysis

Bull Case

Bear Case

Prolonged weak silver prices, cost inflation, production misses or permitting setbacks compress cash flow and force multiple contraction toward the analyst low (5.82) within a 12-month horizon.

Drivers

Scannable catalysts and supporting factors

Quarterly production & grade release
Permitting, resource updates or M&A optionality

Human Analyst Targets

External snippets for comparison only; verify at source.

Unverified externalLast fetched 2026-02-03Source quality: external scrape

External snippets are unverified; treat as directional signals only. Always confirm with the original provider.

Inline RA est

Provider

serper

Median (USD)

$13.17

Range (USD)

$5.82 - $16.00

Count

Query: Endeavour Silver Corp Common (EXK) analyst consensus price target high low average

Endeavour Silver Corp (EXK) Stock Forecast, Price Targets and ...
Search result #1
The average price target is $13.14 with a high forecast of $14.68 and a low forecast of $11.00. The average price target represents a 20.22% change from the ...
Extracted: $13.14, $14.68, $11.00Open source
Endeavour Silver Corp. (EXK) Analyst Ratings, Estimates & Forecasts
Search result #2
See Endeavour Silver Corp. (EXK) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades.
Open source
EXK Stock Analysis & Price Target - In-Depth Research - Financhill
Search result #3
According to the consensus of 6 analysts, Endeavour Silver Corp. has -5.62% downside to fair value with a price target of $13.1667 per share. EXK vs. S&P ...
Extracted: $13.17Open source
Endeavour Silver (EXK) Price Targets - Zacks Investment Research
Search result #4
The forecasts range from a low of $11.00 to a high of $15.18. The average price target represents an increase of 24.98% from the last closing price of $10.93.
Extracted: $11.00, $15.18, $10.93Open source
EXK / Endeavour Silver Corp. (NYSE) - Forecast, Price Target ...
Search result #5
The average one-year price target for Endeavour Silver Corp. is $11.32. The forecasts range from a low of $5.82 to a high of $15.21. Read More.
Extracted: $11.32, $5.82, $15.21Open source
Endeavour Silver Analyst Ratings and Price Targets | NYSE:EXK
Search result #6
Endeavour Silver Corp has a consensus price target of $11.9 based on the ratings of 6 analysts. The high is $16 issued by CIBC on November 3, 2025. The low ...
Extracted: $11.90, $16.00Open source

Scenarios

Bull Target (Scenario probability)

$16 / p=20% prob

Base Target (Scenario probability)

$13 / p=60% prob

Bear Target (Scenario probability)

$6 / p=20% prob

Analysis 2026-02-03 · RankAlpha Sentiment AI

Analysis reference price unavailable. Targets are shown without scenario returns.

Sentiment & Exposure

Sentiment unavailable: insufficient coverage

Events

Other notable items detected

EVENT2026-05-04
Metals price movement (silver, gold)
Precious-metals spot moves (silver/gold) typically transmit directly to EXK valuation; a sustained silver rally would amplify upside while a drop compresses margins and NAV [#SERP-6]. Date set conservatively to a 90-day horizon as a window-end assumption.
Prob 50.00% • Move 20.00% • Priced-in 40.00%

Short-term Catalysts

Next few weeks

Quarterly production & grade release
2026-05-04
Upcoming quarterly operating results (production, grades, AISC) could drive a near-term re-rating; timing conservatively set to the quarter-end reporting window and may cause sharp intraday moves if metrics miss/beat expectations [#SERP-1].
Prob 60% • Move 15% • Priced-in 30%

Long-term Catalysts

Months to a year

Permitting, resource updates or M&A optionality
2027-02-03
Medium-term upside from reserve/resource upgrades, permitting milestones, or strategic M&A/streaming deals that meaningfully change project economics; timing set to one year out as a conservative estimate [#SERP-3].
Prob 30% • Move 40% • Priced-in 20%

Risks

Cost inflation, currency moves, or royalty/tax changes that compress margins
Operational disruptions (grades, recoveries, processing) causing production misses
Permitting, environmental or regulatory delays for Mexican operations
Sustained sharp silver-price decline that materially reduces NAV and cash flow

Peers

Symbol	Summary
PAAS	Large silver producer with diversified Latin American operations; useful operational and jurisdictional benchmark.
AG	Higher-leverage primary silver miner; comparable exposure to metal-price sensitivity and reserve-replacement dynamics.
HL	Smaller U.S.-focused miner with operating and cost-structure comparisons relevant for margin stress-testing.
WPM	Precious-metals royalty/streaming company; useful for assessing alternative low-capex exposure to metal upside.

Sources

Internal and external references used in this analysis

Model source: RankAlpha Sentiment AI
Human targets: serper
Targets query: Endeavour Silver Corp Common (EXK) analyst consensus price target high low average
Analysis date: 2026-02-03

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Symbol

Summary

PAAS

Large silver producer with diversified Latin American operations; useful operational and jurisdictional benchmark.

Higher-leverage primary silver miner; comparable exposure to metal-price sensitivity and reserve-replacement dynamics.

Smaller U.S.-focused miner with operating and cost-structure comparisons relevant for margin stress-testing.

WPM

Precious-metals royalty/streaming company; useful for assessing alternative low-capex exposure to metal upside.