BMO Capital analyst Kevin O’Halloran reinstated coverage of Endeavour Silver with an Outperform rating and $6 price target. The flagship Terronera project in Jalisco, Mexico is on track for first production by the end of 2024 and is forecast to nearly double Endeavour’s production profile in 2025, the analyst tells investors. Peer-leading proportional silver revenue, combined with near-term silver growth, warrants a premium valuation, the analyst contends.
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