Endeavour Silver price target raised to $7.75 from $6 at Alliance Global

Alliance Global Partners raised the firm’s price target on Endeavour Silver (EXK) to $7.75 from $6 and keeps a Buy rating on the shares. The firm views the company’s Q3 report as “mixed” with its costs expected to trend lower as Terronera ramps. Elevated precious metals prices should continue to support positive mine operating cash flow as Endeavour’s primary growth engine Terronera hits, the analyst tells investors in a research note. Alliance believes Endeavour is emerging as a leading silver producer.