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Analyst Actions: Canaccord Genuity Raises SilverCrest Price Target to $3.75

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Canaccord Genuity analyst Nicholas Campbell expects SilverCrest Mines Inc. (SVL.V) to announce in December an initial silver resource in excess of 50 million ounces at its La Joya project in Mexico, according to the Globe and Mail.

Mr. Campbell reportedly said he is basing that prediction on recent exploratory drilling and sees the deposit having the potential to ultimately develop into a 100-million-ounce-plus silver project.

Canaccord Genuity raised the price target to $3.75 from $3.15 and maintained a "speculative buy" rating.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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