Alliance Global Partners analyst Jake Sekelsky lowered the firm’s price target on Endeavour Silver (EXK) to $5.25 from $6.25 and keeps a Buy rating on the shares. Endeavour Silver recently announced 2024 production results along with 2025 guidance outlining somewhat steady consolidated production year over year, and also announced an update regarding construction at Terronera, the firm views as the critical path forward with respect to meaningful production growth, the analyst tells investors in a research note. While the delivery delays of critical equipment that were experienced during late Q4 have extended Terronera’s construction timeline, the firm believes the project remains in line to advance through the final stages of construction and commissioning over the next two quarters.
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Read More on EXK:
- Endeavour Silver Announces 2025 Production Guidance and Strategic Focus
- Endeavour Silver sees FY25 silver equivalente production 7.0M-7.9M ounces
- Endeavour Silver price target lowered to $7 from $7.25 at H.C. Wainwright
- Endeavour Silver Achieves 7.6 Million Silver Equivalent Ounces in 2024
- Endeavour Silver Faces Delays at Terronera Project Amidst Holiday Restrictions