SilverCrest Metals (CVE:SIL) Given New C$15.00 Price Target at Raymond James

SilverCrest Metals (CVE:SIL) had its price target hoisted by Raymond James from C$11.50 to C$15.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

Several other equities analysts have also recently commented on SIL. Stifel Nicolaus increased their target price 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 increased their target price on SilverCrest Metals from C$13.25 to C$14.25 in a research note on Monday, July 15th. Cormark increased their target price on SilverCrest Metals from C$13.75 to C$14.00 in a research note on Monday, July 15th. Canaccord Genuity Group increased their target price on SilverCrest Metals from C$4.75 to C$7.50 in a research note on Tuesday, April 23rd. Finally, Ventum Financial raised their price objective on SilverCrest Metals from C$10.00 to C$12.65 in a research note on Tuesday, May 28th.

SilverCrest Metals Trading Down 0.5 %

CVE SIL opened at C$8.52 on Thursday. SilverCrest Metals has a 12 month low of C$2.85 and a 12 month high of C$8.70. The company has a 50-day moving average of C$8.52 and a 200-day moving average of C$8.52. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.50 and a quick ratio of 5.43. The company has a market cap of C$1.25 billion and a P/E ratio of -83.53.

Insider Transactions at SilverCrest Metals

In related news, Director John H. Wright sold 50,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$12.42, for a total value of C$621,000.00. In other SilverCrest Metals news, Senior Officer Stephany Fier sold 345,240 shares of the company’s stock in a transaction on 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, Director John H. Wright sold 50,000 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of C$12.42, for a total value of C$621,000.00. Insiders sold a total of 648,230 shares of company stock worth $7,556,841 over the last three months.

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.