SilverCrest Metals (CVE:SIL) Price Target Raised to C$12.00

SilverCrest Metals (CVE:SILFree Report) had its price target raised by Cormark from C$9.50 to C$12.00 in a research note published on Friday, BayStreet.CA reports.

SIL has been the subject of a number of other research reports. BMO Capital Markets lifted their price target on SilverCrest Metals from C$8.25 to C$9.00 in a report on Tuesday, March 12th. Desjardins reduced 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. Stifel Nicolaus reduced their price target on SilverCrest Metals from C$7.75 to C$7.25 in a report on Friday, January 26th. Finally, Raymond James lifted their price target on SilverCrest Metals from C$9.00 to C$9.75 in a report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of C$9.42.

View Our Latest Stock Report on SIL

SilverCrest Metals Trading Down 0.5 %

SilverCrest Metals stock opened at C$8.52 on Friday. SilverCrest Metals has a 52 week low of C$2.85 and a 52 week high of C$8.70. 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 capitalization of C$1.25 billion and a P/E ratio of -83.53. The stock has a 50-day simple moving average of C$8.52 and a 200 day simple moving average of C$8.52.

Insider Transactions at SilverCrest Metals

In other news, Director Pierre Beaudoin sold 8,900 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of C$10.15, for a total transaction of C$90,335.00. In other news, Director Nathan Eric Fier sold 259,227 shares of SilverCrest Metals stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$9.48, for a total value of C$2,457,471.96. Also, Director Pierre Beaudoin sold 8,900 shares of SilverCrest Metals stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$10.15, for a total transaction of C$90,335.00. Insiders sold a total of 418,670 shares of company stock worth $3,814,578 over the last quarter.

SilverCrest Metals Company Profile

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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.

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Analyst Recommendations for SilverCrest Metals (CVE:SIL)

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