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EXK · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Endeavour Silver Corp. (EXK) stock moving?
EXK rose from a 30-day low close of $7.03 on Nov 3 to a high close of $8.34 on Nov 9, then eased to $8.07 on Nov 10, a gain of about 15% from the low. Volume was elevated on Nov 4 (9.2M shares) and Nov 5 (10.3M shares), versus roughly 5-6M on typical days, and was again high at 7.9M on Nov 10, when the stock fell back from its Nov 9 peak on a wide intraday range. On Nov 9 the company filed its Q3 2026 interim financial statements and MD&A with the SEC, and a press release dated the same day was furnished as Exhibit 99.1. The text of that release was not in the input, so the reported results, guidance and any operating figures cannot be verified here. HC Wainwright maintained its Buy rating on Nov 10 but lowered its price target to $16.75, a cut that still sits far above the current price. The filing and analyst items are the only fresh asset-specific news in the window. The main risks are the unknown Q3 detail, the high-volume pullback on Nov 10, and the absence of silver price or peer data in the input.
News behind the analysis
- HC Wainwright & Co. Maintains Buy on Endeavour Silver, Lowers Price Target to $16.75HC Wainwright kept its Buy rating on Endeavour Silver but cut its price target to $16.75. The target still implies roughly 107% upside from the Nov 10 close of $8.07.
About Endeavour Silver Corp.
Endeavour Silver is a mid-sized silver and gold miner based in Vancouver, Canada. It runs mines in Mexico (Guanaceví and the new Terronera mine) and Peru (Kolpa, bought in 2025), and is developing the large Pitarrilla silver project in Mexico. Its stock trades in New York (EXK) and Toronto (EDR).
How it makes money
It mines and sells metal, mainly silver, plus a good amount of gold and some base metals such as lead, zinc and copper from the Kolpa mine in Peru. In Q2 2026, sales were roughly $212 million on about 2 million ounces of silver sold, at an average silver price of about $70 per ounce. Profits depend heavily on the gap between metal prices and mining costs. Cash costs were about $23.50 per ounce of silver in Q2 2026 and have been rising.
What usually moves EXK
- Silver and gold prices
- Production levels at Terronera and Kolpa
- Mining costs and inflation in Mexico and Peru
- Mill outages and other operating problems
- Progress on the Pitarrilla project and spending plans