Canaccord Genuity Group Boosts SilverCrest Metals (CVE:SIL) Price Target to C$7.50

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

SIL has been the subject of several other reports. Cormark boosted their price objective on SilverCrest Metals from C$9.50 to C$12.00 in a report on Friday, April 19th. Desjardins lowered their price target on 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. BMO Capital Markets upped their price target on SilverCrest Metals from C$9.50 to C$10.50 in a research note on Friday, April 19th. Stifel Nicolaus lowered their price target on SilverCrest Metals from C$7.75 to C$7.25 in a research note on Friday, January 26th. Finally, Raymond James upped their price target on SilverCrest Metals from C$9.00 to C$9.75 in a research note on Friday, January 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of C$9.39.

SilverCrest Metals Stock Performance

Shares of CVE:SIL opened at C$8.52 on Tuesday. The stock has a market capitalization of C$1.25 billion and a P/E ratio of -83.53. SilverCrest Metals has a 1-year low of C$2.85 and a 1-year high of C$8.70. The company has a current ratio of 5.50, a quick ratio of 5.43 and a debt-to-equity ratio of 0.74. The business 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 Ani Andreeva Markova sold 20,000 shares of the business’s 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 value of C$178,398.00. In related news, Director Ani Andreeva Markova sold 20,000 shares of the business’s 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 value of C$178,398.00. Also, Senior Officer Bernard Poznanski sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$9.51, for a total value of C$95,130.00. In the last three months, insiders sold 418,670 shares of company stock worth $3,814,578.

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.