Globe says SilverCrest maintained at "speculative buy"

2013-01-31 08:45 ET - In the News


The Globe and Mail reports in its Thursday, Jan. 31, edition that SilverCrest Mines ($2.57) has provided estimates on what could become a higher-grade starter pit for its La Joya project in Mexico. The Globe's Darcy Keith writes in the Eye On Equities column the resource for the pit is estimated at 27.9 million tonnes grading 112 grams per ton silver equivalent. A preliminary economic assessment on the property is expected to be completed in the second half of 2013, notes Canaccord Genuity analyst Nicholas Campbell. The analyst upgraded his price target to $4.50 from $4.25. Mr. Campbell, however, kept his rating on the shares at "speculative buy." Canaccord Genuity analyst Nicholas Campbell maintained his "speculative buy" rating on SilverCrest Mines in the Eye column on Nov. 16, 2011, when the stock could be had for $1.83. Jennings Capital analyst Stuart McDougall maintained his rating on the shares at "speculative buy" in the Eye column on Jan. 6, 2012. The stock was then trading at $2.05. He targeted the stock at $5.