Analyst Actions: Endeavour Silver Keeps Underperform,

Endeavour Mining Corporation

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Analyst Actions: Endeavour Silver Keeps Underperform,

posted on Mar 07, 2016 03:27PM

$1.45 Target Price from BMO Research After Q4 Results

2016-03-07 07:06:00 PM ET (MT Newswires)

02:06 PM EST, 03/07/2016 (MT Newswires) -- Endeavour Silver (EDR.TO) gained 6% recently even after BMO Research reiterated its underperform view and $1.45 target price, following Q4 2015 results.

BMO said it expects costs at El Cubo to decline 65% to $6.12/oz AISC (all-in sustaining costs) as the operation transitions to care and maintenance, halting all development capex and underground mining, and only processing stockpiles. It estimates El Cubo could generate $15 million in free cash flow at BMO prices ($14/oz silver) or $18 million at spot ($15/oz).

BMO increased its EPS estimates to $0.16 for 2016 and $0.05 for 2017.

The stock was at $3.08 earlier, its highest since January 2015.

Price: 2.99, Change: +0.17, Percent Change: +6.0

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