SilverCrest Metals (CVE:SIL) Price Target Raised to C$11.50

SilverCrest Metals (CVE:SIL) had its price objective increased by equities researchers at Raymond James from C$9.75 to C$11.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. Raymond James’ target price would indicate a potential upside of 34.98% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Canaccord Genuity Group increased their target price on shares of SilverCrest Metals from C$4.75 to C$7.50 in a report on Tuesday. BMO Capital Markets upped their price target on SilverCrest Metals from C$9.50 to C$10.50 in a research note on Friday, April 19th. Desjardins dropped their price target 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. Cormark upped their price target on SilverCrest Metals from C$9.50 to C$12.00 in a research note on Friday, April 19th. Finally, Stifel Nicolaus lowered their target price on SilverCrest Metals from C$7.75 to C$7.25 in a research report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, SilverCrest Metals presently has an average rating of “Hold” and a consensus price target of C$9.39.

SilverCrest Metals Price Performance

CVE SIL opened at C$8.52 on Tuesday. The company has a 50-day moving average price of C$8.52 and a 200-day moving average price of C$8.52. The firm has a market capitalization of C$1.25 billion and a P/E ratio of -83.53. SilverCrest Metals has a 52 week low of C$2.85 and a 52 week high of C$8.70. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74.

Insider Activity

In related news, Director Pierre Beaudoin sold 8,900 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$10.15, for a total transaction of C$90,335.00. In related news, Senior Officer Bernard Poznanski sold 10,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of C$9.82, for a total transaction of C$98,210.00. Also, Director Pierre Beaudoin sold 8,900 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$10.15, for a total value of C$90,335.00. In the last ninety days, insiders sold 418,670 shares of company stock worth $3,814,578.

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.