Canada's Endeavour Silver Q3 revenue, adjusted EPS miss analyst estimates

Endeavour Silver

Mon 22:12

Overview
Canada-based silver miner's Q3 revenue rose 29% yr/yr but missed analyst expectations
Adjusted EPS turned positive yr/yr but missed analyst expectations
Company revised 2026 production guidance due to higher costs at Terronera

Outlook
Endeavour Silver revises 2026 silver production guidance to 7.8-8.1 mln oz
Company narrows 2026 gold production guidance to 42,000-43,500 oz
2026 silver equivalent production guidance set at 13.7-14.3 mln oz

Result Drivers
HIGHER METAL PRICES - Co said increased realized prices for silver and gold contributed to higher revenue and cash flow
PRODUCTION GROWTH - Co reported higher silver and gold production, up 19% and 39% yr/yr, respectively, supporting increased silver equivalent output
COST REDUCTIONS AT TERRONERA - Co attributed lower direct operating costs per tonne at Terronera to LNG transition and workflow optimization

Company press release: ID:nGNX8bR7wL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$184.5 mln
$196.36 mln (2 Analysts)
Q3 Adjusted EPS
Miss
$0.14
$0.23 (2 Analysts)
Q3 Adjusted Net Income
 
$42.1 mln
 
Q3 Net Income
 
$26.4 mln
 
Q3 EBITDA
 
$66.6 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the non-gold precious metals & minerals peer group is "buy"
Wall Street's median 12-month price target for Endeavour Silver Corp is C$21.32, about 92.8% above its November 6 closing price of C$11.06

Reuters Recommended Reads
Nov 9 - Canada's Strathcona Resources Q3 production rises sequentially, raises quarterly dividend
Nov 9 - Barrick profit rises on higher gold prices
Nov 9 - Canada's Greenfire Q3 bitumen output more than doubles after Connacher deal

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)