Desjardins Raises SilverCrest Metals (SIL) Price Target to C$6.00

SilverCrest Metals (CVE:SIL) had its price objective lifted by research analysts at Desjardins from C$5.75 to C$6.00 in a research note issued on Thursday, BayStreet.CA reports. Desjardins’ target price points to a potential upside of 33.33% from the company’s previous close.

Several other research analysts have also issued reports on the company. Eight Capital upped their target price on SilverCrest Metals from C$4.45 to C$6.00 in a research report on Thursday, January 24th. BMO Capital Markets set a C$6.50 target price on SilverCrest Metals and gave the company an “outperform” rating in a research report on Wednesday, February 13th. National Bank Financial upped their target price on SilverCrest Metals from C$6.00 to C$6.50 and gave the company an “outperform” rating in a research report on Friday, March 15th. Royal Bank of Canada upped their target price on SilverCrest Metals from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Finally, Cormark upped their target price on SilverCrest Metals from C$5.50 to C$6.20 in a research report on Friday, March 15th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$5.96.

Shares of CVE:SIL opened at C$4.50 on Thursday. SilverCrest Metals has a 1 year low of C$2.20 and a 1 year high of C$5.02. The stock has a market cap of $384.63 million and a P/E ratio of -45.45. The company has a current ratio of 14.56, a quick ratio of 14.38 and a debt-to-equity ratio of 0.77.

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.

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Analyst Recommendations for SilverCrest Metals (CVE:SIL)

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