BMO Capital Markets Comments on Endeavour Silver

BMO Capital Markets provided color on Endeavour Silver (NYSE: EXK) in a research note published today. BMO Capital Markets has an Underperform rating and $8.50 price target on Endeavour Silver shares.

In the report, BMO Capital Markets states, "Following the completion of the Guanajuato mill expansion in Q3/11, EDR is expected to increase production rates through Q4/11 and be in the position to meet full-year guidance of 3.7Moz of silver and 19koz of gold."

Shares of Endeavour Silver were trading at $9.54 at the time of posting, up 0.95% from Monday's market close.