Brokerages Set SilverCrest Metals Inc. (NASDAQ:SILV) Target Price at $7.00

SilverCrest Metals Inc. (NASDAQ:SILV) has been given a consensus recommendation of “Buy” by the eight research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $7.00.

Several equities research analysts recently commented on SILV shares. National Bank Financial reiterated a “buy” rating on shares of SilverCrest Metals in a research report on Friday, August 16th. BMO Capital Markets started coverage on shares of SilverCrest Metals in a research report on Friday, August 16th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of SilverCrest Metals from a “sell” rating to a “hold” rating in a research report on Tuesday, August 20th. Desjardins reiterated a “buy” rating on shares of SilverCrest Metals in a research report on Monday, August 26th. Finally, Roth Capital set a $7.00 price objective on shares of SilverCrest Metals and gave the stock a “buy” rating in a research report on Monday, August 26th.

Shares of SilverCrest Metals stock traded down $0.08 on Friday, hitting $5.97. The company’s stock had a trading volume of 36,043 shares, compared to its average volume of 151,540. SilverCrest Metals has a 52-week low of $2.21 and a 52-week high of $6.69. The firm has a fifty day moving average price of $5.80 and a 200-day moving average price of $4.52.

SilverCrest Metals (NASDAQ:SILV) last released its quarterly earnings data on Friday, August 9th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02).

A number of large investors have recently added to or reduced their stakes in the business. Intact Investment Management Inc. increased its stake in shares of SilverCrest Metals by 41.0% during the 2nd quarter. Intact Investment Management Inc. now owns 423,000 shares of the company’s stock valued at $2,178,000 after acquiring an additional 123,000 shares during the last quarter. ETF Managers Group LLC increased its stake in shares of SilverCrest Metals by 7.5% during the 2nd quarter. ETF Managers Group LLC now owns 459,305 shares of the company’s stock valued at $1,816,000 after acquiring an additional 32,053 shares during the last quarter. Fiera Capital Corp increased its position in SilverCrest Metals by 542.3% during the 2nd quarter. Fiera Capital Corp now owns 1,170,900 shares of the company’s stock worth $4,632,000 after purchasing an additional 988,600 shares in the last quarter. Jane Street Group LLC acquired a new stake in SilverCrest Metals during the 2nd quarter worth approximately $177,000. Finally, Bank of Montreal Can increased its position in SilverCrest Metals by 13.2% during the 2nd quarter. Bank of Montreal Can now owns 232,902 shares of the company’s stock worth $946,000 after purchasing an additional 27,100 shares in the last quarter.

SilverCrest Metals Company Profile

SilverCrest Metals Inc engages in the acquisition, exploration, and development of precious metal properties. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 27 concessions totaling approximately 1,389 hectares located in Sonora, Mexico.

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Analyst Recommendations for SilverCrest Metals (NASDAQ:SILV)

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