Endeavour Silver price target raised to $3.50 from $3.25 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on Endeavour Silver to $3.50 from $3.25 and keeps a Buy rating on the shares. The company reported improved Q4 production results, which was driven by a return to normalized production levels at Guanacevi, the analyst tells investors. Alliance Global Partners anticipates Guanacevi to continue to serve as a source of stable production as management pushes forward with construction of Terronera, which will be the “next leg of growth” for the company. Overall, recent share price volatility creates an attractive entry point for investors, the firm says.