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

SilverCrest Metals (CVE:SIL) had its price objective hoisted by Raymond James from C$9.75 to C$11.50 in a research note published on Tuesday, BayStreet.CA reports.

A number of other research analysts also recently issued reports on the company. BMO Capital Markets increased their price objective on SilverCrest Metals from C$9.50 to C$10.50 in a report on Friday, April 19th. Stifel Nicolaus decreased their price objective on SilverCrest Metals from C$7.75 to C$7.25 in a report on Friday, January 26th. Canaccord Genuity Group increased their price objective on SilverCrest Metals from C$4.75 to C$7.50 in a report on Tuesday. Cormark increased their price target on SilverCrest Metals from C$9.50 to C$12.00 in a research report on Friday, April 19th. Finally, Desjardins reduced 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 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 stock. According to MarketBeat, the company currently has an average rating of Hold and an average target price of C$9.39.

SilverCrest Metals Stock Down 0.5 %

Shares of SilverCrest Metals stock 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 business has a 50-day moving average of C$8.52 and a two-hundred day moving average of C$8.52. The company has a market capitalization of C$1.25 billion and a P/E ratio of -83.53. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.50 and a quick ratio of 5.43.

Insider Transactions at SilverCrest Metals

In other news, Director Pierre Beaudoin sold 63,500 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of C$7.44, for a total transaction of C$472,440.00. In other news, Director Pierre Beaudoin sold 63,500 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of C$7.44, for a total transaction of C$472,440.00. Also, Director Nathan Eric Fier sold 259,227 shares of the firm’s stock in a transaction 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. Over the last quarter, insiders have sold 418,670 shares of company stock worth $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.