SilverCrest Metals (CVE:SIL) Hits New 52-Week High After Analyst Upgrade

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Shares of SilverCrest Metals Inc (CVE:SIL) reached a new 52-week high during mid-day trading on Wednesday after Desjardins raised their price target on the stock from C$6.00 to C$7.25. The stock traded as high as C$5.85 and last traded at C$5.80, with a volume of 314958 shares changing hands. The stock had previously closed at C$5.14.

Separately, BMO Capital Markets boosted their target price on shares of SilverCrest Metals from C$6.50 to C$7.00 in a research report on Thursday, May 16th.

The stock has a market capitalization of $429.08 million and a PE ratio of -58.28. The company has a current ratio of 14.56, a quick ratio of 14.38 and a debt-to-equity ratio of 0.77. The stock has a 50-day simple moving average of C$5.00.

SilverCrest Metals (CVE:SIL) last released its earnings results on Thursday, May 9th. The company reported C($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of C($0.02) by C($0.02). On average, research analysts anticipate that SilverCrest Metals Inc will post -0.05 EPS for the current year.

SilverCrest Metals Company Profile (CVE:SIL)

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.

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