SilverCrest Metals (CVE:SIL) Price Target Raised to C$7.50

SilverCrest Metals (CVE:SIL) had its price objective boosted by Canaccord Genuity Group from C$4.75 to C$7.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential downside of 11.97% from the company’s current price.

A number of other equities research analysts have also issued reports on SIL. Desjardins cut their price target on shares of SilverCrest Metals from C$10.25 to C$9.50 and set a “hold” rating on the stock in a report on Tuesday, March 12th. BMO Capital Markets raised their price target on shares of SilverCrest Metals from C$9.50 to C$10.50 in a report on Friday, April 19th. 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. Raymond James lifted their target price on shares of SilverCrest Metals from C$9.00 to C$9.75 in a research note on Friday, January 12th. Finally, Cormark lifted their target price on shares of SilverCrest Metals from C$9.50 to C$12.00 in a research note on Friday, April 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$9.39.

SilverCrest Metals Stock Performance

SilverCrest Metals stock opened at C$8.52 on Tuesday. The firm’s fifty day moving average price is C$8.52 and its 200-day moving average price is C$8.52. The company has a debt-to-equity ratio of 0.74, a quick ratio of 5.43 and a current ratio of 5.50. The stock has a market cap of C$1.25 billion and a P/E ratio of -83.53. SilverCrest Metals has a fifty-two week low of C$2.85 and a fifty-two week high of C$8.70.

Insiders Place Their Bets

In other news, Director Pierre Beaudoin sold 63,500 shares of the business’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 transaction of C$472,440.00. In other news, Director Pierre Beaudoin sold 63,500 shares of the business’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 transaction of C$472,440.00. Also, Director Ani Andreeva Markova sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$8.92, for a total transaction of C$178,398.00. Over the last ninety days, insiders sold 418,670 shares of company stock valued at $3,814,578.

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.