Azarias Capital Sells 536,928 Shares of Endeavour Silver for $4.55 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2026
0mins
Should l Buy EXK?
Source: Fool
- Transaction Overview: On January 22, Azarias Capital disclosed the sale of 536,928 shares of Endeavour Silver, amounting to approximately $4.55 million based on average pricing for the fourth quarter, indicating a cautious stance towards the stock.
- Position Value Change: Following this sale, the value of Endeavour Silver's position decreased to $5.92 million, down $3.23 million from the previous filing, reflecting Azarias' reassessment of the company's future performance.
- Stock Performance: As of January 22, Endeavour Silver shares were priced at $13.60, representing a staggering 281% increase over the past year, significantly outperforming the S&P 500's roughly 14% gain, showcasing its strong position in the precious metals market.
- Future Outlook: Endeavour Silver anticipates silver equivalent output of 14.6 to 15.6 million ounces in 2026, with cash costs projected at $12 to $13 per ounce, as CEO Dan Dickson emphasizes that 2026 will be a pivotal turning point for the company, highlighting lower cash costs and operational leverage to support future growth.
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Analyst Views on EXK
Wall Street analysts forecast EXK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXK is 11.74 USD with a low forecast of 9.00 USD and a high forecast of 14.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
7 Buy
0 Hold
0 Sell
Strong Buy
Current: 10.440
Low
9.00
Averages
11.74
High
14.50
Current: 10.440
Low
9.00
Averages
11.74
High
14.50
About EXK
Endeavour Silver Corp. is a Canada-based mid-tier silver producer with three operating mines in Mexico and Peru and a pipeline of exploration projects across Mexico, Chile, and the United States. The Company is engaged in silver mining and related activities including acquisition, exploration, development, extraction, processing, refining and reclamation. The Company’s Guanacevi mines is a highest-grade silver mine, which is located in Durango, Mexico. The Terronera Project, located approximately 40 kilometers (km) northeast of Puerto Vallarta in the state of Jalisco, Mexico, hosts a high-grade silver-gold mineral resource along the Terronera vein. The Kolpa operation is a silver mine located in the Huachocolpa region of Huancavelica, over 490 km southeast of Lima. Its Pitarrilla Project is an undeveloped silver, lead, and zinc project located 160 km north of Durango City, in northern Mexico. Its other exploration projects include Parral, Bruner, Aida, and Lourdes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Transaction Overview: On January 22, Azarias Capital disclosed the sale of 536,928 shares of Endeavour Silver, amounting to approximately $4.55 million based on average pricing for the fourth quarter, indicating a cautious stance towards the stock.
- Position Value Change: Following this sale, the value of Endeavour Silver's position decreased to $5.92 million, down $3.23 million from the previous filing, reflecting Azarias' reassessment of the company's future performance.
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- Future Outlook: Endeavour Silver anticipates silver equivalent output of 14.6 to 15.6 million ounces in 2026, with cash costs projected at $12 to $13 per ounce, as CEO Dan Dickson emphasizes that 2026 will be a pivotal turning point for the company, highlighting lower cash costs and operational leverage to support future growth.
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- Optimistic Q3 Guidance: The company forecasts third-quarter revenue between $4.4 billion and $4.8 billion, with non-GAAP diluted earnings per share expected to be between $12 and $14, suggesting ongoing improvement in growth potential and profitability.
- Joint Venture Extension: SanDisk announced the extension of its joint venture with Japan's Kioxia Corp. until December 31, 2034, further solidifying their strategic partnership in storage technology and enhancing market competitiveness.
- Positive Market Reaction: The significant rise in stock price reflects investor optimism about the company's future prospects, which may also attract more institutional investors, thereby elevating the company's standing in the industry.
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Endeavour Silver Growth: Endeavour Silver has also experienced a similar growth in silver production, matching the 6.1% increase.
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- Supply-Demand Imbalance: The silver market has faced global deficits for four consecutive years, with a cumulative shortfall of nearly 820 million ounces from 2021 to 2025, highlighting ongoing supply pressures.
- Industrial Demand Explosion: Nearly half of global silver consumption now stems from industrial applications, particularly in solar panels and electric vehicles, underscoring silver's growing importance as a strategic industrial commodity.
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- Transaction Overview: On January 22, Azarias Capital disclosed the sale of 536,928 shares of Endeavour Silver, amounting to approximately $4.55 million based on average pricing for the fourth quarter, indicating a cautious stance towards the stock.
- Position Value Change: Following this sale, the value of Endeavour Silver's position decreased to $5.92 million, down $3.23 million from the previous filing, reflecting Azarias' reassessment of the company's future performance.
- Stock Performance: As of January 22, Endeavour Silver shares were priced at $13.60, representing a staggering 281% increase over the past year, significantly outperforming the S&P 500's roughly 14% gain, showcasing its strong position in the precious metals market.
- Future Outlook: Endeavour Silver anticipates silver equivalent output of 14.6 to 15.6 million ounces in 2026, with cash costs projected at $12 to $13 per ounce, as CEO Dan Dickson emphasizes that 2026 will be a pivotal turning point for the company, highlighting lower cash costs and operational leverage to support future growth.
See More
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- Gold Price Surge: Gold prices have surpassed $4,700 per ounce for the first time, reaching $4,735.50, a 3.1% increase, reflecting strong investor demand amid a weaker dollar and escalating trade tensions.
- Silver Price Hits Record: Silver prices also reached an all-time high, with March delivery rising 7.9% to $95.54 per ounce, indicating robust performance in the precious metals market and attracting increased investor interest.
- Mining Stocks Rally: Precious metals mining stocks, including Iamgold, Hecla Mining, and Gold Fields, saw significant gains, with Iamgold up 7.5%, showcasing optimism in the precious metals sector and potentially driving future investment inflows.
- Shift in Investor Preference: Rising U.S. debt levels and increased policy unpredictability have led investors to favor gold and silver over currencies and government bonds, reflecting a sustained demand for precious metals as a safe haven.
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