SilverCrest Metals (NASDAQ:SILV) Research Coverage Started at BMO Capital Markets

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BMO Capital Markets assumed coverage on shares of SilverCrest Metals (NASDAQ:SILV) in a research report sent to investors on Friday, TipRanks reports. The firm issued a buy rating on the stock.

Several other brokerages also recently commented on SILV. Canaccord Genuity reiterated a buy rating on shares of SilverCrest Metals in a research note on Friday, April 26th. Zacks Investment Research upgraded SilverCrest Metals from a sell rating to a hold rating in a research note on Saturday, August 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $3.82.

Shares of NASDAQ SILV traded down $0.16 during midday trading on Friday, hitting $5.27. 354,929 shares of the company’s stock were exchanged, compared to its average volume of 106,294. SilverCrest Metals has a 12 month low of $2.15 and a 12 month high of $6.39. The company’s 50 day moving average price is $4.84 and its 200 day moving average price is $3.85.

A number of large investors have recently added to or reduced their stakes in SILV. Tocqueville Asset Management L.P. acquired a new stake in SilverCrest Metals during the 1st quarter worth approximately $736,000. Waratah Capital Advisors Ltd. acquired a new stake in SilverCrest Metals during the 1st quarter worth approximately $387,000. Spark Investment Management LLC acquired a new stake in SilverCrest Metals during the 1st quarter worth approximately $374,000. 9258 Wealth Management LLC acquired a new stake in SilverCrest Metals during the 1st quarter worth approximately $66,000. Finally, CIBC World Markets Inc. lifted its holdings in SilverCrest Metals by 178.8% during the 1st quarter. CIBC World Markets Inc. now owns 60,505 shares of the company’s stock worth $198,000 after purchasing an additional 38,805 shares during the last quarter.

SilverCrest Metals Company Profile

SilverCrest Metals Inc engages in the acquisition, exploration, and development of precious metal properties. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 27 concessions totaling approximately 1,389 hectares located in Sonora, Mexico.

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Analyst Recommendations for SilverCrest Metals (NASDAQ:SILV)

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