SilverCrest Metals (CVE:SIL) Shares Down 0.5% – Should You Sell?

SilverCrest Metals Inc (CVE:SIL)’s stock price dropped 0.5% on Monday . The company traded as low as C$8.08 and last traded at C$8.52. Approximately 246,455 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 156,209 shares. The stock had previously closed at C$8.56.

Analysts Set New Price Targets

Several research analysts recently issued reports on SIL shares. BMO Capital Markets raised their target price on shares of SilverCrest Metals from C$13.25 to C$14.25 in a report on Monday, July 15th. Stifel Nicolaus lowered their target price on SilverCrest Metals from C$12.50 to C$11.50 in a research note on Thursday, August 8th. Cormark lifted their price target on SilverCrest Metals from C$13.75 to C$14.00 in a research report on Monday, July 15th. Raymond James upped their price objective on SilverCrest Metals from C$11.50 to C$15.00 in a research report on Thursday, August 1st. Finally, Ventum Financial cut shares of SilverCrest Metals from a “buy” rating to a “neutral” rating and raised their price objective for the stock from C$13.45 to C$15.50 in a research note on Monday, October 7th.

SilverCrest Metals Stock Down 0.5 %

The company has a current ratio of 5.50, a quick ratio of 5.43 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of C$8.52 and a two-hundred day simple moving average of C$8.52. The company has a market cap of C$1.25 billion and a PE ratio of -83.53.

SilverCrest Metals Company Profile

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.