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← CockpitCompetitor Analysis › EDR.TO Endeavour Silver Corp.Open in the cockpit ↗

Endeavour Silver Corp.EDR.TOCompetitor analysis, valuation and peers

Canada · CAD·Materials›Precious Metals

Operates silver-gold mines in Mexico, including Guanaceví, Bolañitos and the new Terronera mine.

Momentum weak 24
Mkt cap
$2.34B
US dollars, full cap
Free float
100%
of shares outstanding
$/day
$8.28M
20-day average traded
Fwd P/E
10.9×
forward earnings
ROIC−WACC
+4.7 pp
WACC 14.7%
Hurdle
n/a
no reverse DCF
Next earnings
3 days
9 Nov 2026
Close · CADC$11.06
1D+4.0%
1W+10.1%
1M-6.8%
3M-16.8%
6M-20.0%
YTD-14.3%
1Y+8.1%
ATR %6.1%
52w lowhigh46.6% off high

What Endeavour Silver does

Operates silver-gold mines in Mexico, including Guanaceví, Bolañitos and the new Terronera mine.

Sells silver-gold concentrate and doré from its Mexican mines to refiners and smelters, less processing charges, so income moves with silver and gold prices and with ore throughput. Terronera, a newly built mine, is designed to add significant output.

Products and services

  • Guanacevi mine
  • Bolanitos mine
  • Terronera mine (new, ramping up)

Customers

  • Silver/gold refiners and traders

Where it sits in the supply chain

  • Precious metals
  • Silver-gold mining
  • Underground production, Mexico

What could go right

  • Silver price strength
  • Terronera adding significant new production

What could go wrong

  • Mexico regulatory/mining-law risk
  • Aging mines needing reserve replacement

Moat: narrow (installed base, regulatory licence). Long operating history and multiple permitted Mexican silver mines with in-house processing.

Headquarters: Vancouver, Canada · Employees: 2,411

Named competitors

Endeavour Silver at a glance

Size Endeavour Silver (EDR.TO) is a Canada Materials company (Precious Metals) with a market value of $2.34B, the 175th largest of 420 Canada companies the cockpit tracks. Shares closed at C$11.06 on 6 Nov 2026.

Performance Over six months the shares fell 20.0%, against -13.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 8th lowest of 19 in its peer set.

Growth Revenue grew 197.6% over the last twelve months (peer median +49.5%); the operating margin is 26.3% (peer median 39.4%).

Valuation It trades at 10.9× forward earnings against a peer median of 9.0× (6th most expensive of 13).

Capital Return on invested capital runs 4.7 points above its cost of capital (14.7% WACC).

Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 85EDR.TO 81
Six months, rebased to 100: Endeavour Silver against the median of its 20 peers (local-currency closes).

Endeavour Silver financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$1.02BC$643MC$297MC$276MC$274M
Revenue growth—+117%+7%+1%—
Gross profitC$282MC$70.8MC$28.6MC$26.9MC$44.4M
EBITDAC$402MC$144MC$55.7MC$43.6MC$66.1M
Net incomeC$90.1M-C$166M-C$43.1MC$8.26MC$8.07M
Free cash flow-C$57.2M-C$160M-C$239M-C$154M-C$72.3M
Capital expenditureC$194MC$236MC$268MC$159MC$143M
Total debtC$350MC$334MC$173MC$12.6MC$21.1M

Quarterly statements and history in the cockpit →

Endeavour Silver competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+50%-10%0%+10%002237PPTA001337600459DRDMSAWAFSVMNGOBMSGDSEAFVIWDO3330600531RSGEMREDR.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Endeavour Silver is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%5×10×15×20×002237600459DRDMSAWAFSVMOBMFVIWDO3330RSGEMREDR.TORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Endeavour Silver is the large dot.

Endeavour Silver competitors and peer comparison

Head to head with its named competitors (EDR.TO vs FVI.TO vs AG.TO vs LUG.TO)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Endeavour Silver EDR.TO$2.34B-20%+198%26%10.9×n/a
Fortuna Mining FVI.TO$2.87B-5%+6%49%6.4×-4.6%
First Majestic Silver AG.TO$7.52B-27%+96%44%18.1×9.2%
Lundin Gold LUG.TO$17.0B+7%+36%65%16.0×9.9%
Silvercorp Metals SVM.TO$1.99B-31%+59%56%12.9×4.7%
Hecla Mining HL$9.90B-21%+30%48%18.1×8.0%
Fresnillo FRES.L$24.9B-31%+48%59%11.8×-8.2%
Coeur Mining CDE$15.9B-17%+117%35%12.1×10.9%
Hochschild Mining HOC.L$3.37B-27%+37%44%9.8×-10.7%

How Endeavour Silver compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Endeavour Silver against its 20 peers (data as of 6 Nov 2026)
MeasureEDR.TOPeer medianRank in peer set
1-month return-6.8%-5.3%10th lowest of 21
6-month return-20.0%-13.8%8th lowest of 19
Distance from 52-week high-46.6%-34.0%5th lowest of 21
Revenue growth (TTM)+197.6%+49.5%2nd highest of 16
Operating margin26.3%39.4%6th lowest of 16
Forward P/E10.9×9.0×6th most expensive of 13
ROIC minus cost of capital+4.7 pp+12.8 pp8th lowest of 19
EV / EBITDA8.2×5.1×2nd most expensive of 11
Net debt / EBITDA0.0×-0.5×3rd most indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Endeavour Silver EDR.TOCanada$2.34B-20%+198%26%10.9×n/an/a
Shandong Humon Smelting 002237.SZChina$2.44B-32%+25%1%11.2×n/an/a
Perpetua Resources PPTAUnited States$2.44B-35%n/an/an/an/an/a
Sichuan Gold 001337.SZChina$2.52B-25%+57%56%n/a17.7%+13.6%
Sino-Platinum Metals 600459.SSChina$2.06B-17%-27%2%19.0×n/an/a
DRDGOLD Ltd. Sponsored ADR DRDUnited States$2.00B-16%+53%51%8.1×-16.4%+14.1%
Mineros MSA.TOCanada$2.00B+73%+77%39%7.3×-5.8%+11.8%
West African Resources WAF.AXAustralia$2.74B+4%+194%57%4.4×-18.5%+37.7%
Silvercorp Metals SVM.TOCanada$1.99B-31%+59%56%12.9×4.7%+19.0%
Sinda SINDUnited States$1.95Bn/an/an/an/an/an/a
Novagold Resources NGUnited States$2.81B-27%n/an/an/an/an/a
Ora Banda Mining OBM.AXAustralia$1.93B+4%+101%39%16.6×1.1%+101.1%
Snowline Gold SGD.TOCanada$1.93B-6%n/an/an/an/an/a
Sunshine Silver Mining & Refining SSMRUnited States$1.91Bn/a+422%-3,022%n/an/an/a
Seabridge Gold SEA.TOCanada$2.87B-8%n/an/an/an/an/a
Fortuna Mining FVI.TOCanada$2.87B-5%+6%49%6.4×-4.6%+29.0%
Wesdome Gold Mines WDO.TOCanada$2.92B+6%+49%57%7.8×-10.7%+33.5%
Lingbao Gold 3330.HKHong Kong$2.94B-28%-10%22%8.0×-5.6%+17.8%
Henan Yuguang Gold & Lead 600531.SSChina$1.83B-32%+48%2%n/a7.9%+19.6%
Resolute Mining RSG.AXAustralia$1.81B-12%+5%35%10.0×-7.2%+8.9%
Emerald Resources NL EMR.AXAustralia$3.04B+6%+40%61%15.2×1.5%+26.4%

Questions

Who are Endeavour Silver's main competitors?
Named competitors: Fortuna Mining (FVI.TO), First Majestic Silver (AG.TO), Pan American Silver (LUG.TO), Silvercorp Metals (SVM.TO), Hecla Mining (HL), Fresnillo (FRES.L). The cockpit's measured peer set (industry) also includes Shandong Humon Smelting (002237.SZ), Perpetua Resources (PPTA), Sichuan Gold (001337.SZ), Sino-Platinum Metals (600459.SS), DRDGOLD Ltd. Sponsored ADR (DRD), Mineros (MSA.TO).
Is Endeavour Silver expensive compared with its peers?
On forward p/e it trades at 10.9× against a peer median of 9.0×, 6th most expensive of 13 in its peer set.
How has Endeavour Silver stock performed?
Over six months to 6 Nov 2026 the shares returned -20.0% against -13.8% for the median peer; over one year +8.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.