Endeavour Silver Corp (EXK) PT Raised to $6 at Roth Capital After Production and Pricing Beat Expectations

Roth Capital analyst Joe Reagor raised the price target on Endeavour Silver Corp (NYSE: EXK) to $6.00 (from $5.00) after the company announced its Q4 2020 production was above expectations combined with silver prices that have continued to outperform.

The analyst maintained a Buy rating, stating "On January 7, 2021, Endeavour Silver announced its Q4 production results. Production of 1.12 million ounces of silver and 12,568 ounces of gold was well above our estimates of 920,000 ounces of silver and 10,600 ounces of gold. We attribute the majority of the beat to better than anticipated results from Guanacev".

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