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

SilverCrest Metals (CVE:SIL) had its price objective upped by equities research analysts at Cormark from C$9.50 to C$12.00 in a report issued on Friday, BayStreet.CA reports. Cormark’s price objective suggests a potential upside of 40.85% from the stock’s previous close.

SIL has been the topic of a number of other research reports. Raymond James boosted their target price on shares of SilverCrest Metals from C$9.00 to C$9.75 in a research report on Friday, January 12th. Stifel Nicolaus reduced their price objective on shares of SilverCrest Metals from C$7.75 to C$7.25 in a report on Friday, January 26th. BMO Capital Markets upped their target price on shares of SilverCrest Metals from C$8.25 to C$9.00 in a report on Tuesday, March 12th. Finally, Desjardins decreased their price objective on SilverCrest Metals from C$10.25 to C$9.50 and set a “hold” rating for the company in a report 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, the company currently has a consensus rating of “Hold” and a consensus price target of C$9.42.

SilverCrest Metals Trading Down 0.5 %

CVE:SIL traded down C$0.04 during trading hours on Friday, hitting C$8.52. 246,455 shares of the company were exchanged, compared to its average volume of 156,209. The company has a fifty day simple moving average of C$8.52 and a 200 day simple moving average of C$8.52. SilverCrest Metals has a one year low of C$2.85 and a one year high of C$8.70. The stock has a market capitalization of C$1.25 billion and a price-to-earnings ratio of -83.53. The company has a current ratio of 5.50, a quick ratio of 5.43 and a debt-to-equity ratio of 0.74.

Insider Activity

In related news, Director Nathan Eric Fier sold 259,227 shares of the stock in a transaction dated 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 other SilverCrest Metals news, Director Ani Andreeva Markova sold 20,000 shares of the stock in a transaction that occurred on 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 Nathan Eric Fier sold 259,227 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$9.48, for a total value of C$2,457,471.96. Insiders have sold a total of 418,670 shares of company stock worth $3,814,578 over 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.