SilverCrest Metals (CVE:SIL) Price Target Raised to C$10.50

SilverCrest Metals (CVE:SIL) had its target price boosted by BMO Capital Markets from C$9.50 to C$10.50 in a research report released on Friday, BayStreet.CA reports.

A number of other research firms also recently commented on SIL. Stifel Nicolaus reduced their target price on SilverCrest Metals from C$7.75 to C$7.25 in a report on Friday, January 26th. Cormark boosted their target price on shares of SilverCrest Metals from C$9.50 to C$12.00 in a research note on Friday. Raymond James lifted their price target on SilverCrest Metals from C$9.00 to C$9.75 in a report on Friday, January 12th. Finally, Desjardins lowered their price target on SilverCrest Metals from C$10.25 to C$9.50 and set a hold rating for the company in a report on Tuesday, March 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of C$9.42.

SilverCrest Metals Stock Performance

CVE:SIL opened at C$8.52 on Friday. SilverCrest Metals has a 1-year low of C$2.85 and a 1-year high of C$8.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.50 and a quick ratio of 5.43. The firm’s fifty day moving average price is C$8.52 and its 200 day moving average price is C$8.52. The firm has a market cap of C$1.25 billion and a price-to-earnings ratio of -83.53.

Insider Transactions at SilverCrest Metals

In other SilverCrest Metals news, Director Pierre Beaudoin sold 63,500 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of C$7.44, for a total value of C$472,440.00. In other SilverCrest Metals news, Director Nathan Eric Fier sold 259,227 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$9.48, for a total value of C$2,457,471.96. Also, Director Pierre Beaudoin sold 63,500 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of C$7.44, for a total value of C$472,440.00. In the last quarter, insiders sold 418,670 shares of company stock worth $3,814,578.

SilverCrest Metals Company Profile

SilverCrest Metals Inc acquires, explores for, and develops precious metal properties in Mexico. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 28 concessions totaling approximately 1,401 hectares located in Sonora, Mexico.