CIBC Raises Endeavour Silver PT to $10 from $7.25, Maintains Neutral Rating.

CIBC Raises Endeavour Silver PT to $10 from $7.25, Maintains Neutral Rating.

In a significant update, CIBC has increased its price target for Endeavour Silver Corporation (EXK) from $7.25 to $10, while maintaining a Neutral rating. This move follows the company's strong second-quarter (Q2) 2025 production results, which demonstrated a 17% year-over-year (YoY) increase in silver-equivalent ounces produced [1].

Endeavour Silver's total silver production for Q2 2025 stood at 2.5 million silver-equivalent ounces (AgEq), driven by the addition of the Kolpa operation in May 2025. This increase was primarily attributed to the Kolpa mine, which produced 805,000 AgEq ounces since its acquisition [2].

Despite the positive production numbers, Endeavour Silver's stock price has gained 12.4% over the past year, outpacing the industry's 6.6% growth. The company has also secured a deal with BMO Capital Markets Corp. to sell up to $60 million worth of common shares over the next 24 months [1].

CIBC's price target revision reflects the company's strong operational performance and the potential for further growth in its silver production. However, the Neutral rating suggests that CIBC remains cautious about Endeavour Silver's valuation and the broader market conditions.

References:
[1] https://www.nasdaq.com/articles/endeavour-silvers-ageq-production-increases-17-y-y-q2
[2] https://au.investing.com/news/analyst-ratings/endeavour-silver-stock-holds-outperform-rating-at-raymond-james-on-production-results-93CH-3919083