What's Going On With Endeavour Silver Shares Today

Endeavour Silver Corp EDR EXK price target has been lowered to C$5.25 from C$6 by BMO Capital analyst Ryan Thompson. The analyst has a Market Perform rating on the shares.
Related: Why Endeavour Silver Shares Are Surging Today
Thompson mentions that the cash costs for the quarter were slightly above guidance due to increased labour, power, and consumables costs; however, annual production guidance was reiterated.
In Q2, the company is focused on securing debt financing for Terronera and closing the Pitarrilla transaction, noted the analyst.
Thompson believes, Endeavour has a strong organic growth profile with the potential development of Terronera and Parral. He sees some risk to future growth being offset by shorter reserve lives at current operating assets.
Price Action: EXK shares are trading lower by 6.57% at $3.13 on NYSE and EDR lower by 6.67% at C$4.06 on TSX on the last check Thursday.

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