SilverCrest Metals Inc. (TSE:SIL) Receives Consensus Rating of “Buy” from Analysts

Shares of SilverCrest Metals Inc. (TSE:SILGet Rating) have earned a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$14.10.

A number of research firms have issued reports on SIL. Desjardins reaffirmed a “buy” rating and set a C$15.25 price objective on shares of SilverCrest Metals in a report on Wednesday, February 9th. Raymond James cut their price target on shares of SilverCrest Metals to C$13.00 and set an “outperform” rating on the stock in a report on Monday, February 7th. Finally, Cormark reissued a “buy” rating and issued a C$14.00 price target on shares of SilverCrest Metals in a report on Friday.

SIL traded down C$0.25 during mid-day trading on Friday, reaching C$8.79. 245,055 shares of the stock were exchanged, compared to its average volume of 315,370. The company has a debt-to-equity ratio of 32.66, a quick ratio of 17.68 and a current ratio of 18.00. The stock has a market capitalization of C$1.28 billion and a PE ratio of -42.56. The company has a 50 day moving average price of C$10.63 and a two-hundred day moving average price of C$10.54. SilverCrest Metals has a 1 year low of C$7.84 and a 1 year high of C$12.99.

SilverCrest Metals (TSE:SILGet Rating) last posted its quarterly earnings data on Thursday, March 24th. The company reported C($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C($0.08). Sell-side analysts expect that SilverCrest Metals will post 1.09 EPS for the current fiscal year.

SilverCrest Metals Company Profile (Get Rating)

SilverCrest Metals Inc explores for and develops precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its principal property includes the Las Chispas project that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico.

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Analyst Recommendations for SilverCrest Metals (TSE:SIL)

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