Endeavour Silver price target raised to $5.25 from $4 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on Endeavour Silver to $5.25 from $4 and keeps a Buy rating on the shares after the company announced Q2 production in line with the firm’s expectations, which places the company in a position to achieve annual guidance. Given that Endeavour is in the final stages of construction at Terronera and continued strength in silver prices, the firm is reintroducing a net asset value, or NAV, multiple of 1.25-times, the analyst tells investors.