SilverCrest Metals (CVE:SIL) Given New C$7.50 Price Target at Canaccord Genuity Group

SilverCrest Metals (CVE:SIL) had its price objective boosted by Canaccord Genuity Group from C$4.75 to C$7.50 in a research note released on Tuesday morning, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus decreased their price target on SilverCrest Metals from C$7.75 to C$7.25 in a research note on Friday, January 26th. Raymond James raised their target price on SilverCrest Metals from C$9.00 to C$9.75 in a research note on Friday, January 12th. BMO Capital Markets increased their price target on SilverCrest Metals from C$9.50 to C$10.50 in a research report on Friday, April 19th. Cormark lifted their price target on SilverCrest Metals from C$9.50 to C$12.00 in a research note on Friday, April 19th. Finally, Desjardins reduced 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 note on Tuesday, March 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, SilverCrest Metals currently has a consensus rating of Hold and a consensus target price of C$9.39.

SilverCrest Metals Price Performance

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

Insider Buying and Selling

In other SilverCrest Metals news, Director Pierre Beaudoin sold 8,900 shares of SilverCrest Metals stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$10.15, for a total transaction of C$90,335.00. In other SilverCrest Metals news, Director Pierre Beaudoin sold 8,900 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$10.15, for a total value of C$90,335.00. Also, Director Ani Andreeva Markova sold 20,000 shares of SilverCrest Metals stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$8.92, for a total value of C$178,398.00. In the last ninety days, insiders sold 418,670 shares of company stock valued at $3,814,578.

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.