SilverCrest Metals (CVE:SIL) Price Target Raised to C$12.00

SilverCrest Metals (CVE:SIL) had its price target hoisted by Cormark from C$9.50 to C$12.00 in a report issued on Friday, BayStreet.CA reports. Cormark’s price objective would suggest a potential upside of 40.85% from the company’s previous close.

SIL has been the topic of several other research reports. Desjardins dropped their target price on SilverCrest Metals from C$10.25 to C$9.50 and set a “hold” rating on the stock in a research report on Tuesday, March 12th. Raymond James increased their target price on SilverCrest Metals from C$9.00 to C$9.75 in a research report on Friday, January 12th. BMO Capital Markets increased their target price on SilverCrest Metals from C$8.25 to C$9.00 in a research report on Tuesday, March 12th. Finally, Stifel Nicolaus dropped their target price on SilverCrest Metals from C$7.75 to C$7.25 in a research report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$9.42.

SilverCrest Metals Stock Down 0.5 %

Shares of CVE:SIL opened at C$8.52 on Friday. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74. The stock has a market cap of C$1.25 billion and a P/E ratio of -83.53. The business’s 50 day moving average is C$8.52 and its 200 day moving average is C$8.52. SilverCrest Metals has a 52-week low of C$2.85 and a 52-week high of C$8.70.

Insider Transactions at SilverCrest Metals

In other news, Director Nathan Eric Fier sold 259,227 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$9.48, for a total value of C$2,457,471.96. In other news, Director Nathan Eric Fier sold 259,227 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$9.48, for a total value of C$2,457,471.96. Also, Director Pierre Beaudoin sold 63,500 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of C$7.44, for a total value of C$472,440.00. Insiders sold 418,670 shares of company stock valued at $3,814,578 in the last quarter.

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.