SilverCrest Metals (CVE:SIL) Price Target Raised to C$13.45

SilverCrest Metals (CVE:SIL) had its price objective hoisted by equities research analysts at Ventum Financial from C$12.65 to C$13.45 in a research note issued to investors on Thursday, BayStreet.CA reports. Ventum Financial’s price target points to a potential upside of 57.86% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Raymond James lifted their price target on SilverCrest Metals from C$11.50 to C$15.00 in a research note on Thursday, August 1st. Stifel Nicolaus decreased their target price on SilverCrest Metals from C$12.50 to C$11.50 in a research report on Thursday, August 8th. Cormark increased their target price on shares of SilverCrest Metals from C$13.75 to C$14.00 in a report on Monday, July 15th. Finally, BMO Capital Markets raised their price target on shares of SilverCrest Metals from C$13.25 to C$14.25 in a research note on Monday, July 15th.

SilverCrest Metals Stock Performance

Shares of SilverCrest Metals stock traded down C$0.04 during trading on Thursday, reaching C$8.52. The company’s stock had a trading volume of 246,455 shares, compared to its average volume of 156,209. SilverCrest Metals has a 52 week low of C$2.85 and a 52 week high of C$8.70. The firm has a market cap of C$1.25 billion and a PE ratio of -83.53. The business’s 50-day moving average price is C$8.52 and its 200-day moving average price is C$8.52. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74.

Insider Activity

In other SilverCrest Metals news, Director Pierre Beaudoin sold 20,900 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$11.46, for a total transaction of C$239,514.00. In other SilverCrest Metals news, Senior Officer Tara Hassan sold 7,800 shares of SilverCrest Metals stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of C$11.23, for a total value of C$87,594.00. Also, Director Pierre Beaudoin sold 20,900 shares of SilverCrest Metals stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of C$11.46, for a total transaction of C$239,514.00. Insiders sold 373,940 shares of company stock worth $4,314,630 over the last three months.

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.