SilverCrest Mines Remains 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) with a price target of $2.00.
Reagor noted, “On September 4, 2014, SVLC announced the results of 25 underground drill holes. We believe these results confirm the high grade potential of the Santa Elena mine’s underground extension. Although we view these drill results as a positive, we are not making adjustments to our estimates as the drill results confirmed previous expectations. Additionally, we are maintaining our Neutral rating and $2.00 price target as we believe SVLC remains 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 6.5% and a 61.9% success rate. Reagor has a 5.4% average return when recommending SVLC, and is ranked #1248 out of 3255 analysts.