Raymond James Raises SilverCrest Metals (CVE:SIL) Price Target to C$11.50

SilverCrest Metals (CVE:SIL) had its price target lifted by equities researchers at Raymond James from C$9.75 to C$11.50 in a report issued on Tuesday, BayStreet.CA reports. Raymond James’ target price would indicate a potential upside of 34.98% from the company’s current price.

Several other analysts also recently commented on SIL. Desjardins decreased their target price 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. Cormark boosted their price objective on shares of SilverCrest Metals from C$9.50 to C$12.00 in a research note on Friday. Stifel Nicolaus reduced their price objective on shares of SilverCrest Metals from C$7.75 to C$7.25 in a research note on Friday, January 26th. BMO Capital Markets boosted their price objective on shares of SilverCrest Metals from C$9.50 to C$10.50 in a research note on Friday. Finally, Canaccord Genuity Group boosted their price objective on shares of SilverCrest Metals from C$4.75 to C$7.50 in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$9.39.

SilverCrest Metals Stock Down 0.5 %

SIL stock traded down C$0.04 during trading hours on Tuesday, hitting C$8.52. The company’s stock had a trading volume of 246,455 shares, compared to its average volume of 156,209. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74. The company has a market capitalization of C$1.25 billion and a PE ratio of -83.53. SilverCrest Metals has a 12 month low of C$2.85 and a 12 month high of C$8.70. The stock has a 50 day moving average price of C$8.52 and a two-hundred day moving average price of C$8.52.

Insider Activity at SilverCrest Metals

In related news, Director Pierre Beaudoin sold 8,900 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$10.15, for a total transaction of C$90,335.00. In other news, Director Ani Andreeva Markova sold 20,000 shares of the 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. Also, Director Pierre Beaudoin sold 8,900 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$10.15, for a total transaction of C$90,335.00. Insiders sold a total of 418,670 shares of company stock worth $3,814,578 in the last ninety days.

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.