"Endeavour Mining Corp. (EDV.TO) has closed the acquisition of Avion Gold, giving the company a significant boost in current production and a much improved growth profile over the next three to five years, commented Canaccord Genuity analyst Nicholas Campbell, the Globe & Mail reported.
He sees production growing from 324,000 ounces of gold in 2013 to 431,000 ounces in 2014 through new development.
Campbell raised his price target to $4.70 from $3.50 and reiterated a "speculative buy" rating."
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$4.70 by 2014 would see warrants go to maybe $2.50...(current $.50)...I'll take that.