Endeavour Silver Corp (EDR:CA)
National Bank of Canada resumed coverage on Endeavour Silver with a 12 month target price of C$18.00 per share, noting that the company’s recent financing has materially improved its financial flexibility and long-term development outlook. The capital raise significantly strengthened Endeavour’s cash position, ensuring that the Pitarrilla project is now fully funded, which is a key milestone that reduces execution risk and supports the company’s multi-year production growth plans.
National Bank also highlighted that the financing allowed Endeavour to repay existing debt, improving the balance sheet and lowering future interest obligations. With improved liquidity, a de-risked project pipeline, and enhanced capacity to advance exploration and construction activities, the analysts see the company as well positioned to benefit from firm silver-price fundamentals and increasing investor appetite for quality mid-tier producers.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
Smart take
Very informative