Raymond James Increases SilverCrest Metals (CVE:SIL) Price Target to C$11.50

SilverCrest Metals (CVE:SIL) had its target price lifted by research analysts at Raymond James from C$9.75 to C$11.50 in a report released on Tuesday, BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 34.98% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Cormark increased their price target on shares of SilverCrest Metals from C$9.50 to C$12.00 in a research note on Friday, April 19th. Desjardins decreased their target price on shares of SilverCrest Metals from C$10.25 to C$9.50 and set a “hold” rating for the company in a research note on Tuesday, March 12th. Stifel Nicolaus cut their price target on shares of SilverCrest Metals from C$7.75 to C$7.25 in a report on Friday, January 26th. Canaccord Genuity Group increased their price target on shares of SilverCrest Metals from C$4.75 to C$7.50 in a report on Tuesday. Finally, BMO Capital Markets increased their price target on shares of SilverCrest Metals from C$9.50 to C$10.50 in a report on Friday, April 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, SilverCrest Metals currently has a consensus rating of “Hold” and a consensus price target of C$9.39.

SilverCrest Metals Stock Performance

Shares of CVE:SIL opened at C$8.52 on Tuesday. SilverCrest Metals has a 12 month low of C$2.85 and a 12 month high of C$8.70. The company has a market cap of C$1.25 billion and a price-to-earnings ratio of -83.53. The company has a 50-day moving average price of C$8.52 and a 200-day moving average price of C$8.52. The company has a current ratio of 5.50, a quick ratio of 5.43 and a debt-to-equity ratio of 0.74.

Insider Transactions at SilverCrest Metals

In other news, Director Pierre Beaudoin sold 63,500 shares of SilverCrest Metals stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$7.44, for a total transaction of C$472,440.00. In other news, Director Pierre Beaudoin sold 63,500 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$7.44, for a total transaction of C$472,440.00. Also, Senior Officer Bernard Poznanski sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$9.51, for a total transaction of C$95,130.00. Insiders have sold 418,670 shares of company stock worth $3,814,578 in the last 90 days.

About SilverCrest Metals

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.