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

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

SIL has been the subject of several other reports. Desjardins lowered their target price on SilverCrest Metals from C$10.25 to C$9.50 and set a hold rating for the company in a research report on Tuesday, March 12th. Canaccord Genuity Group increased their price target on SilverCrest Metals from C$4.75 to C$7.50 in a report on Tuesday. Cormark increased their price target on SilverCrest Metals from C$9.50 to C$12.00 in a report on Friday, April 19th. BMO Capital Markets increased their price target on SilverCrest Metals from C$9.50 to C$10.50 in a report on Friday, April 19th. Finally, Stifel Nicolaus decreased their price target on 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. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of C$9.39.

SilverCrest Metals Stock Down 0.5 %

Shares of CVE:SIL opened at C$8.52 on Tuesday. The firm has a market cap of C$1.25 billion and a P/E ratio of -83.53. 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 business has a fifty day simple moving average of C$8.52 and a 200 day simple moving average of C$8.52.

Insider Activity

In other news, Director Pierre Beaudoin sold 63,500 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of C$7.44, for a total value of C$472,440.00. In other SilverCrest Metals news, Director Ani Andreeva Markova sold 20,000 shares of SilverCrest Metals stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$8.92, for a total transaction of C$178,398.00. Also, Director Pierre Beaudoin sold 63,500 shares of SilverCrest Metals stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of C$7.44, for a total value of C$472,440.00. Insiders sold a total of 418,670 shares of company stock worth $3,814,578 in the last three months.

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.