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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (646)4/12/2013 7:38:57 AM
From: Goose94Read Replies (1) of 202367
 
New coverage rates Santacruz Silver Mining (SCZ-V) "outperform"

Raymond James analyst Chris Thompson recommends buying Santacruz Silver Mining ($1.81) for its near-term production and cash flow growth. Mr. Thompson says, development and exploration potential offered by Santacruz's high quality portfolio of properties (Rosario, San Felipe, Gavilanes, and El Gachi) offers considerable upside, in our view." Mr. Thompson commenced new coverage with an "outperform" rating and a $2.50 price target.

Canaccord Genuity analyst Nicholas Campbell had initiated new coverage on Santacruz with a "speculative buy" recommendation. Mr. Campbell targeted the shares at $4. Mr. Campbell said he liked the company for the production and cash flow that would soon come from its Rosario project. He also liked Santacruz's pipeline of other low-capital expenditure projects and its low valuation relative to peers.
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