SilverCrest Mines Is Fairly Valued, Says Roth Capital


In a research report issued today, Roth Capital analyst Joe Reagor maintained a Neutral rating on SilverCrest Mines (NYSE:SVLC), and reduced his price target to $1.75 (from $2.00).

Reagor said, “On September 26, 2014, SVLC announced that short-term delays at Santa Elena would result in lower production than previously expected in 2014. Based on this revised guidance, we have cut our price target¬†and¬†maintaining rating as we believe that SVLC is fairly valued.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Joe Reagor has a total average return of -3.6% and a 19.2% success rate. Reagor has an average return when recommending SVLC, and is ranked #2957 out of 3309 analysts.

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