SilverCrest Metals (CVE:SIL) PT Raised to C$10.00 at Eight Capital

SilverCrest Metals (CVE:SIL) had its price objective hoisted by investment analysts at Eight Capital from C$9.00 to C$10.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Eight Capital’s price objective would suggest a potential upside of 22.10% from the stock’s current price.

A number of other equities analysts also recently commented on SIL. Canaccord Genuity upped their target price on shares of SilverCrest Metals from C$5.75 to C$6.75 in a research note on Monday, July 22nd. Pi Financial upped their target price on shares of SilverCrest Metals from C$9.50 to C$10.00 in a research note on Thursday, October 17th. Royal Bank of Canada upped their target price on shares of SilverCrest Metals from C$7.50 to C$9.50 and gave the stock an “outperform” rating in a research note on Monday, September 9th. BMO Capital Markets upped their target price on shares of SilverCrest Metals from C$9.00 to C$9.50 in a research note on Wednesday, September 11th. Finally, National Bank Financial increased their price objective on shares of SilverCrest Metals from C$9.00 to C$9.50 and gave the company an “outperform” rating in a research note on Thursday, October 17th.

Shares of CVE:SIL opened at C$8.19 on Monday. The company has a market capitalization of $520.91 million and a price-to-earnings ratio of -80.29. SilverCrest Metals has a 12 month low of C$2.93 and a 12 month high of C$8.70. The firm’s 50-day moving average is C$8.19 and its 200 day moving average is C$6.19. The company has a current ratio of 5.50, a quick ratio of 5.43 and a debt-to-equity ratio of 0.74.

SilverCrest Metals (CVE:SIL) last issued its quarterly earnings results on Friday, August 9th. The company reported C($0.02) EPS for the quarter, meeting the consensus estimate of C($0.02). As a group, equities analysts forecast that SilverCrest Metals will post -0.0480634 EPS for the current fiscal year.

In other news, Senior Officer Christopher Kyle Ritchie sold 31,100 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of C$7.74, for a total transaction of C$240,567.83. Following the transaction, the insider now directly owns 652,300 shares in the company, valued at C$5,045,736.19.

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.

Further Reading: How is a Moving Average Calculated?

Receive News & Ratings for SilverCrest Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SilverCrest Metals and related companies with MarketBeat.com's FREE daily email newsletter.