10:04 AM EDT, 04/09/2024 (MT Newswires) -- Endeavour Silver ( EXK ) rose more than 3% on Tuesday.

The Vancouver-based precious metals miner reported Q1 2024 production results before the market open.

TD Securities analyst Craig Hutchison said production beat his forecasts.

"...We expect shares to react positively today also considering that silver prices are again trading higher," Hutchison said in a note to clients.

The analyst maintained a Buy rating and $3.75 price target on EDR.

The stock rose $0.12, or 3.1%, to $4.01 on the Toronto Stock Exchange.

Endeavour will report Q1 financial results on May 9.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 4.01, Change: +0.12, Percent Change: +3.08