EXK
Endeavour Silver Corp.
NYSE: EXK · BASIC MATERIALS · SILVER
$9.11
+6.00% today
Updated 2026-06-15
Market cap
$2.54B
P/E ratio
—
P/S ratio
4.14x
EPS (TTM)
$-0.06
Dividend yield
—
52W range
$5 – $15
Volume
7.6M
Endeavour Silver Corp. (EXK) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed EXK price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$9.11
Today
Analyst consensus
$14.50
+59.25% · 12M
2030 Base
$7.65
-15.98% future
NPV today
$3.61
@ 18% WACC
10 analysts:
6 Buy1 Hold1 Sell
Management guidance
CEO Dan Dickson has guided to record 2026 production and revenue growth driven by Terronera ramp-up (now near design capacity), Kolpa mine expansion, and strong precious metals pricing. Q1 2026 achieved record 3.34M silver-equivalent oz production (78% YoY) and $209.7M revenue (230% YoY). Management targeting aggressive capex for Pitarrilla feasibility study (Q3 2026) and continued production growth; no specific 2030 revenue target stated, but trajectory implies continued double-digit production growth and margin expansion as Terronera reaches full production.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
EXK · Endeavour Silver Corp. · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$-2.43
NPV today: $-2.43
Base case (2030)
$7.65
NPV today: $3.61
Bull case (2030)
$17.74
NPV today: $8.37
WallStSmart.com
EXK financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $0.5B | $0.7B | $0.9B | $1.1B | $1.3B | $1.5B |
| Revenue growth | 115.2% | 97.0% | 28.3% | 19.5% | 13.1% | 8.8% |
| Net margin | — | 44.5% | 48.8% | 49.1% | 47.6% | 45.8% |
| EPS | $-0.15 | $1.05 | $1.48 | $1.82 | $2.08 | $2.31 |
| Diluted shares | — | 296M | 297M | 297M | 297M | 298M |
| Net debt | — | $282.87M | $646.56M | $1.09B | $1.62B | $2.22B |
| P/S multiple | — | 3.0x | 3.0x | 3.0x | 3.0x | 3.0x |
| Implied price (base) | — | $6.13 | $6.92 | $7.44 | $7.68 | $7.65 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $1.5B | $1.5B | $1.5B |
| P/S multiple | 1.0x | 3.0x | 5.0x |
| Diluted shares | 298M | 298M | 298M |
| Net debt | $2.22B | $2.22B | $2.22B |
| Implied P/E † | -1x | 3x | 8x |
| 2030 Price | $-2.43 | $7.65 | $17.74 |
| NPV @ 18% | $-2.43 | $3.61 | $8.37 |
† Implied P/E: Multiples remain elevated across all three scenarios because EXK is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $7.65 base case
EXK catalysts and risks
Growth catalysts
+ Terronera mine reaching commercial production and ramp to full capacity (~2.5M oz/yr silver equiv) through 2027-2028
+ Pitarrilla feasibility study completion (Q3 2026) and potential development decision 2026-2027
+ Silver price momentum; industrial demand from green energy (EV, solar) driving structural deficit
+ Kolpa plant expansion completion; cost synergies and production leverage as mines mature
+ Continued M&A consolidation in mid-tier silver; EXK positioned as acquisition target or buyer at current valuation
Key risks
- Geopolitical risk in Mexico (labor costs, security incidents, regulatory changes) — 70%+ of production in Mexico
- Silver commodity price volatility; 35-40% of revenue exposed to spot silver price movements
- Execution risk on Terronera and Pitarrilla capital projects; cost overruns or delays would compress margins
- Rising operating costs (labor, energy, royalties) as silver prices rise — all-in sustaining costs already elevated
- Mining permitting and environmental regulation in Mexico and Peru
Methodology · Endeavour Silver Corp. 2030 stock forecast model
Endeavour Silver Corp. 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 10 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for EXK by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($2.22B by 2030) |
| 3. Time value | NPV calculated using 18% WACC (CAPM: beta 2.408) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 3.0x / bull 5.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
EXK price target FAQ
What is the EXK price target for 2030?
WallStSmart's Endeavour Silver Corp. 2030 base case is $7.65 per share, with a bull case of $17.74 and bear case of $-2.43. The NPV of the base case discounted to today at 18% WACC is $3.61.
How is the Endeavour Silver Corp. 2030 stock forecast calculated?
The EXK 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the EXK price target account for dilution?
Endeavour Silver Corp. is projected to grow diluted share count from 296M to 298M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on EXK stock?
10 analysts cover EXK with an average 12-month price target of $14.50. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.