SilverCrest Metals Inc. (NYSEMKT:SILV) Given Average Recommendation of “Buy” by Brokerages

SilverCrest Metals Inc. (NYSEMKT:SILV) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.50.

A number of equities research analysts recently issued reports on SILV shares. Zacks Investment Research raised shares of SilverCrest Metals from a “sell” rating to a “hold” rating in a research note on Tuesday, March 9th. National Bank Financial reiterated an “outperform” rating on shares of SilverCrest Metals in a research report on Thursday, February 4th. BMO Capital Markets started coverage on shares of SilverCrest Metals in a research report on Wednesday, February 24th. They set an “outperform” rating on the stock. Stifel Nicolaus upgraded shares of SilverCrest Metals from a “hold” rating to a “buy” rating and boosted their price objective for the company from $15.80 to $16.00 in a research report on Thursday, February 4th. Finally, Raymond James cut their price objective on shares of SilverCrest Metals from $15.50 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 3rd.

A number of large investors have recently added to or reduced their stakes in SILV. The Manufacturers Life Insurance Company lifted its position in shares of SilverCrest Metals by 12.3% during the first quarter. The Manufacturers Life Insurance Company now owns 351,662 shares of the company’s stock valued at $3,580,000 after buying an additional 38,454 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in SilverCrest Metals in the 1st quarter worth approximately $81,000. Swiss National Bank increased its holdings in SilverCrest Metals by 25.1% in the 1st quarter. Swiss National Bank now owns 310,500 shares of the company’s stock worth $2,514,000 after buying an additional 62,300 shares during the period. Shell Asset Management Co. increased its holdings in SilverCrest Metals by 20.7% in the 1st quarter. Shell Asset Management Co. now owns 13,661 shares of the company’s stock worth $111,000 after buying an additional 2,339 shares during the period. Finally, HighTower Advisors LLC increased its holdings in SilverCrest Metals by 7.4% in the 1st quarter. HighTower Advisors LLC now owns 43,847 shares of the company’s stock worth $355,000 after buying an additional 3,034 shares during the period. 39.68% of the stock is owned by institutional investors.

SilverCrest Metals stock opened at $8.81 on Friday. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -16.94 and a beta of 0.91.

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 of 1400.96 hectares located in Sonora, Mexico.

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Analyst Recommendations for SilverCrest Metals (NYSEMKT:SILV)

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