SilverCrest Metals (CVE:SIL) Given New C$12.50 Price Target at Cormark

SilverCrest Metals (CVE:SIL – Get Rating) had its price objective cut by Cormark from C$13.50 to C$12.50 in a research note published on Tuesday, BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Stifel Nicolaus raised their price objective on SilverCrest Metals from C$13.25 to C$13.50 in a research report on Monday, January 23rd. BMO Capital Markets cut their price objective on SilverCrest Metals from C$12.50 to C$11.00 in a report on Friday, February 3rd. Finally, Raymond James lifted their price objective on SilverCrest Metals from C$10.50 to C$11.25 and gave the stock an outperform rating in a research report on Tuesday, January 31st.

SilverCrest Metals Trading Down 0.5 %

Shares of SIL opened at C$8.52 on Tuesday. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74. SilverCrest Metals has a 12-month low of C$2.85 and a 12-month high of C$8.70. The firm has a market capitalization of C$1.25 billion and a PE ratio of -83.53. The stock’s fifty day simple moving average is C$8.52 and its 200-day simple moving average is C$8.52.

Insider Transactions at SilverCrest Metals

In other news, Senior Officer Anne Yong sold 50,000 shares of the stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of C$8.25, for a total value of C$412,605.00. Following the sale, the insider now owns 170,596 shares in the company, valued at C$1,407,775.25. In related news, Senior Officer Stephany Fier sold 25,000 shares of SilverCrest Metals stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of C$8.25, for a total value of C$206,250.00. Following the completion of the transaction, the insider now owns 470,240 shares in the company, valued at C$3,879,480. Also, Senior Officer Anne Yong sold 50,000 shares of SilverCrest Metals stock in a transaction that occurred on Tuesday, December 20th. The stock was sold at an average price of C$8.25, for a total transaction of C$412,605.00. Following the completion of the transaction, the insider now owns 170,596 shares of the company’s stock, valued at approximately C$1,407,775.25.

About SilverCrest Metals

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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.