Raymond James Increases SilverCrest Metals (CVE:SIL) Price Target to C$11.50

SilverCrest Metals (CVE:SIL) had its price target hoisted by Raymond James from C$9.75 to C$11.50 in a research report report published on Tuesday, BayStreet.CA reports.

Several other research firms have also weighed in on SIL. Cormark boosted their target price on shares of SilverCrest Metals from C$9.50 to C$12.00 in a report on Friday, April 19th. BMO Capital Markets upped their price objective on shares of SilverCrest Metals from C$9.50 to C$10.50 in a report on Friday, April 19th. Canaccord Genuity Group upped their price objective on shares of SilverCrest Metals from C$4.75 to C$7.50 in a report on Tuesday. Desjardins decreased their price objective on shares of SilverCrest Metals from C$10.25 to C$9.50 and set a hold rating on the stock in a report on Tuesday, March 12th. Finally, Stifel Nicolaus decreased their price objective on shares of SilverCrest Metals from C$7.75 to C$7.25 in a report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, SilverCrest Metals presently has a consensus rating of Hold and an average price target of C$9.39.

SilverCrest Metals Stock Performance

CVE:SIL opened at C$8.52 on Tuesday. 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 market capitalization of C$1.25 billion and a price-to-earnings ratio of -83.53. The company’s 50-day moving average is C$8.52 and its two-hundred day moving average is C$8.52. SilverCrest Metals has a 1-year low of C$2.85 and a 1-year high of C$8.70.

Insider Buying and Selling

In other SilverCrest Metals news, Director Pierre Beaudoin sold 63,500 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of C$7.44, for a total value of C$472,440.00. In other news, Director Ani Andreeva Markova sold 20,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of C$9.06, for a total value of C$181,156.00. Also, Director Pierre Beaudoin sold 63,500 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of C$7.44, for a total transaction of C$472,440.00. Insiders have sold a total of 418,670 shares of company stock valued at $3,814,578 in the last ninety days.

SilverCrest Metals Company Profile

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.