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

SilverCrest Metals (CVE:SIL) had its price target lifted by Cormark from C$9.50 to C$12.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

Several other analysts have also recently commented on the stock. Raymond James upped their target price on shares of SilverCrest Metals from C$9.00 to C$9.75 in a research report on Friday, January 12th. BMO Capital Markets upped their target price on shares of SilverCrest Metals from C$8.25 to C$9.00 in a research report on Tuesday, March 12th. Desjardins lowered their price objective on shares of 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. Finally, Stifel Nicolaus lowered their price objective on shares of 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 given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of C$9.42.

SilverCrest Metals Stock Performance

Shares of SilverCrest Metals stock opened at C$8.52 on Friday. The firm has a fifty day moving average of C$8.52 and a two-hundred day moving average of C$8.52. The stock has a market capitalization of C$1.25 billion and a price-to-earnings ratio of -83.53. SilverCrest Metals has a 52 week low of C$2.85 and a 52 week high of C$8.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 5.43 and a current ratio of 5.50.

Insider Activity at SilverCrest Metals

In related news, Director Nathan Eric Fier sold 259,227 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$9.48, for a total value of C$2,457,471.96. In related news, Senior Officer Bernard Poznanski sold 10,000 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of C$9.82, for a total value of C$98,210.00. Also, Director Nathan Eric Fier sold 259,227 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$9.48, for a total transaction of C$2,457,471.96. Insiders sold a total of 418,670 shares of company stock worth $3,814,578 in the last quarter.

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.