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

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

SIL has been the subject of several other reports. Desjardins reduced their price objective on SilverCrest Metals from C$10.25 to C$9.50 and set a hold rating for the company in a research note on Tuesday, March 12th. Raymond James raised their price objective on SilverCrest Metals from C$9.00 to C$9.75 in a research note on Friday, January 12th. Stifel Nicolaus reduced their price objective on SilverCrest Metals from C$7.75 to C$7.25 in a research note on Friday, January 26th. Finally, BMO Capital Markets raised their price objective on SilverCrest Metals from C$8.25 to C$9.00 in a research note on Tuesday, March 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of C$9.42.

SilverCrest Metals Stock Down 0.5 %

Shares of SIL stock opened at C$8.52 on Friday. SilverCrest Metals has a 1 year low of C$2.85 and a 1 year high of C$8.70. The stock has a market cap of C$1.25 billion and a PE ratio of -83.53. The business’s fifty day moving average is C$8.52 and its 200-day moving average is C$8.52. The company has a debt-to-equity ratio of 0.74, a quick ratio of 5.43 and a current ratio of 5.50.

Insider Transactions at SilverCrest Metals

In other news, Director Pierre Beaudoin sold 63,500 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of C$7.44, for a total value of C$472,440.00. In related news, Director Ani Andreeva Markova sold 20,000 shares of SilverCrest Metals stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$8.92, for a total transaction of C$178,398.00. Also, Director Pierre Beaudoin sold 63,500 shares of SilverCrest Metals stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$7.44, for a total value of C$472,440.00. Insiders sold a total of 418,670 shares of company stock valued at $3,814,578 over the last quarter.

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.