Endeavour Silver Price Target Jumps to C$25, Gold Forecast Raised to $6,000/oz
On February 4, CIBC raised Endeavour Silver’s price target to C$25 from C$20 with an Outperform rating and boosted gold forecasts to $6,000 per ounce in 2026 and $6,500 in 2027. Earlier, BMO lifted its target to C$17 after the company set 2026 silver output at 8.3–8.9 million ounces.
1. CIBC Price Target Increase
On February 4, CIBC boosted its price target on Endeavour Silver to C$25 from C$20 and maintained an Outperform rating. The firm upgraded its gold price forecast to $6,000 per ounce in 2026 and $6,500 in 2027 and also raised its copper assumptions for the sector.
2. BMO Capital Update and 2026 Guidance
On January 19, BMO Capital raised its target on Endeavour Silver to C$17 from C$15.50 while retaining an Outperform rating. The company’s 2026 guidance forecasts 8.3–8.9 million ounces of silver and 46,000–48,000 ounces of gold from Terronera, Guanacevi and Colpa, plus base metals output equivalent to 14.6–15.6 million silver ounces.
3. Market Implications and Risks
Analyst upgrades reflect stronger precious metals price outlook and steady demand drivers, but elevated geopolitical uncertainty could pressure future production and costs. Investors will watch operating results, cost control and metal price trends to validate these targets.