The Globe and Mail reports in its Friday, Jan. 9, edition that National Bank Financial analyst Alex Terentiew, in response to Thursday's release of Endeavour Silver's fourth quarter and ful-year 2025 operating results, reduced his Street-high share target by a loonie to $20, while maintaining an "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $14.83. Mr. Terentiew says in a note: "Although [Thursday's] results came in slightly below our estimates, we continue to view Endeavour Silver as our 'Top Pick' among the silver producers given its relatively discounted valuation, peer-leading growth profile, and expected transition to a state of positive FCF through the ramp-up of Terronera and expansion at Kolpa to 2,500tpd. In 2026, we believe management will turn its focus to FCF harvesting, optimizing operations, and the development of Pitarrilla, which has the potential to be the company's largest operation." The Globe reported on Sept. 25 and Dec. 10 that Mr. Terentiew continued to rate Endeavour Silver "outperform." The shares could then be had for $10.29 and $12.47.