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EDR heads into its October 29 earnings date having shed 23% over the past month, with the week's 2.8% slide arriving in company across the entire silver mining peer group.
The sector selloff is uniform and meaningful. Closest peer AG fell 5.7% on the week, SVM dropped 5.6%, and FVI led the damage at nearly 10%. ASM, and all fell between 2% and 4%. Endeavour's 2.8% decline therefore looks relatively contained against this peer backdrop, suggesting the stock is not carrying any company-specific weight at the moment.
The lending market tells a story of abundant supply rather than short conviction. Availability is running at 334%, meaning roughly three shares remain available to borrow for every one already on loan. That is well above this year's tightest reading of 121%, and has loosened further by about 51% over the past week alone. Short interest is correspondingly modest at 1.9% of the free float, and while it has edged up around 5% over the past week and 6% over the past month, the absolute level is low. Cost to borrow has ticked up to 0.70%, its highest point in about six weeks, though that remains firmly in deep-discount territory for a junior mining name. The overall picture in the borrow market is one of minimal short pressure.
The Street's valuation profile is worth flagging, particularly given the sharp price decline. The stock trades on a PE of 7.7x, which has compressed by about 2.7 turns over the past 30 days as the price has fallen. EV/EBITDA is at 3.8x, also down roughly 0.3 turns on the month. Both multiples look undemanding for a producer that the ORTEX EPS surprise factor scores in the 77th percentile of its universe, meaning the company has a strong track record of beating estimates. The short score has drifted lower through October, easing from 41.4 to 38.0, which puts it in the bottom third of the ranking and suggests the synthetic short-pressure reading has been declining even as the price has fallen.
On the ownership side, Van Eck Associates remains the largest disclosed institutional holder at 6.76% of shares, and added roughly 276,000 shares in the period ending September 30. BlackRock added around 361,000 shares in the same window, and Dimensional Fund Advisors disclosed a near-complete rebuild of a previously exited position, adding over 2.3 million shares. Sprott added 1.77 million shares as of August 31. These are passive and thematic flows rather than high-conviction active mandates, but the direction is additive heading into a period when the stock has re-rated sharply lower. The 13D/G register carries no activist presence; the two significant 5%-plus holders, Van Eck and Amplify's Junior Silver Miners ETF, both file on passive 13G forms, and stakes are as last disclosed, with the filings dating from late 2025.
The insider picture is quiet. Transactions over the past 90 days amount to a net of roughly 13,000 shares worth just over CAD 100,000, all of it from option-exercise-and-sell sequences by officers and directors rather than open-market buying.
Recent earnings reactions at Endeavour have produced sharp five-day moves: the August 6 print delivered a 5.9% day-one gain that extended to 14.5% over the following week. Whether the October 29 report lands against a stabilised or still-falling silver price backdrop will determine whether that post-print pattern reasserts itself.
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