April 4, 2017 / 5:09 PM / in 5 months

BUZZ-Endeavour Silver Corp: BMO upgrades stock to 'market perform'

** Canadian miner's U.S.-listed shares rise as much as 9.2 pct to $3.68, hits 1-month high after BMO upgrades stock

** BMO raises rating on stock to "market perform" after Endeavour revealed on Monday that a preliminary economic assessment of its Terronera mine in Mexico put the mine's net value at $78.2 mln

** EXK's two-stage development plan will start at 1,000 tonnes per day (tpd) and expand to 2,000 tpd

** Terronera is expected to generate LOM (Life of Mine) revenue of $639.5 mln

** Analysts at Rodman & Renshaw believe that Terronera could increase the firm's consolidated silver equivalent production profile by over 50 pct in the future

** We look forward to getting the green light to develop Terronera into our fifth mine - CEO Bradford Cooke

** 2 of 5 brokerages rate the stock "buy" and 3 "hold"; Median PT $2.60

** Up to Monday's close, stock had gained nearly 36 pct in the last 12 months

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