SilverCrest Metals (CVE:SIL) Price Target Cut to C$15.20

SilverCrest Metals (CVE:SILGet Rating) had its price objective reduced by Pi Financial from C$16.40 to C$15.20 in a research note published on Monday morning, BayStreet.CA reports.

A number of other research analysts have also recently commented on the company. Raymond James decreased their price objective on SilverCrest Metals from C$14.25 to C$13.75 and set an outperform rating on the stock in a report on Tuesday, July 19th. Cormark set a C$14.00 target price on SilverCrest Metals and gave the company a buy rating in a report on Friday, May 20th.

SilverCrest Metals Trading Down 0.5 %

Shares of SilverCrest Metals stock opened at C$8.52 on Monday. SilverCrest Metals has a 1 year low of C$2.85 and a 1 year high of C$8.70. 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 firm has a fifty day moving average price of C$8.52 and a 200 day moving average price of C$8.52. The stock has a market cap of C$1.25 billion and a PE ratio of -83.53.

Insider Transactions at SilverCrest Metals

In other SilverCrest Metals news, Senior Officer Stephany Fier sold 75,000 shares of SilverCrest Metals stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of C$8.30, for a total value of C$622,500.00. Following the completion of the sale, the insider now owns 395,240 shares in the company, valued at approximately C$3,280,492. In other SilverCrest Metals news, Director Nathan Eric Fier sold 20,000 shares of the firm’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of C$7.49, for a total transaction of C$149,860.00. Following the completion of the transaction, the director now directly owns 1,010,075 shares of the company’s stock, valued at approximately C$7,568,491.98. Also, Senior Officer Stephany Fier sold 75,000 shares of SilverCrest Metals stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of C$8.30, for a total transaction of C$622,500.00. Following the completion of the transaction, the insider now directly owns 395,240 shares of the company’s stock, valued at C$3,280,492. Insiders sold 180,000 shares of company stock valued at $1,402,840 in the last 90 days.

SilverCrest Metals Company Profile

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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.

Further Reading

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