SilverCrest Metals (CVE:SIL) Price Target Raised to C$15.00

SilverCrest Metals (CVE:SIL) had its price objective raised by research analysts at Raymond James from C$11.50 to C$15.00 in a research report issued on Thursday, BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 76.06% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Cormark upped their price target on SilverCrest Metals from C$13.75 to C$14.00 in a research note on Monday, July 15th. Stifel Nicolaus upped their price target on SilverCrest Metals from C$9.75 to C$11.25 and gave the company a “hold” rating in a research note on Wednesday, May 15th. BMO Capital Markets upped their price target on SilverCrest Metals from C$13.25 to C$14.25 in a research note on Monday, July 15th. Ventum Financial upped their price target on SilverCrest Metals from C$10.00 to C$12.65 in a research note on Tuesday, May 28th. Finally, Canaccord Genuity Group upped their price target on SilverCrest Metals from C$4.75 to C$7.50 in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$11.46.

SilverCrest Metals Price Performance

SilverCrest Metals stock traded down C$0.04 on Thursday, reaching C$8.52. The company’s stock had a trading volume of 246,455 shares, compared to its average volume of 156,209. 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 company has a market cap of C$1.25 billion and a price-to-earnings ratio of -83.53. The business’s fifty day moving average price is C$8.52 and its 200 day moving average price is C$8.52. SilverCrest Metals has a twelve month low of C$2.85 and a twelve month high of C$8.70.

Insider Activity at SilverCrest Metals

In related news, Senior Officer Stephany Fier sold 345,240 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$11.55, for a total value of C$3,987,522.00. In other SilverCrest Metals news, Senior Officer Stephany Fier sold 345,240 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$11.55, for a total value of C$3,987,522.00. Also, Senior Officer Anne Yong sold 37,500 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of C$12.60, for a total value of C$472,500.00. Over the last quarter, insiders sold 648,230 shares of company stock worth $7,556,841.

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.