Insider Selling: SilverCrest Metals Inc (CVE:SIL) Senior Officer Sells C$472,500.00 in Stock

SilverCrest Metals Inc (CVE:SIL) Senior Officer Anne Yong sold 37,500 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of C$12.60, for a total transaction of C$472,500.00.

SilverCrest Metals Trading Down 0.5 %

CVE SIL opened at C$8.52 on Friday. The firm’s 50 day moving average price is C$8.52 and its two-hundred day moving average price is C$8.52. The stock has a market cap of C$1.25 billion and a price-to-earnings ratio of -83.53. SilverCrest Metals Inc has a twelve month low of C$2.85 and a twelve month 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.

Analysts Set New Price Targets

Several research analysts have issued reports on SIL shares. BMO Capital Markets lifted their price target on shares of SilverCrest Metals from C$10.50 to C$13.25 in a research report on Thursday, May 16th. Canaccord Genuity Group lifted their price target on shares of SilverCrest Metals from C$4.75 to C$7.50 in a research report on Tuesday, April 23rd. Cormark lifted their price target on shares of SilverCrest Metals from C$9.50 to C$12.00 in a research report on Friday, April 19th. Raymond James lifted their price objective on shares of SilverCrest Metals from C$9.75 to C$11.50 in a research report on Tuesday, April 23rd. Finally, Stifel Nicolaus lifted their price objective on shares of SilverCrest Metals from C$9.75 to C$11.25 and gave the stock a “hold” rating in a research report on Wednesday, May 15th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, SilverCrest Metals currently has an average rating of “Hold” and a consensus price target of C$10.36.

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.