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

SilverCrest Metals (CVE:SIL) had its price objective hoisted by stock analysts at Raymond James from C$9.75 to C$11.50 in a research report issued on Tuesday, BayStreet.CA reports. Raymond James’ price target suggests a potential upside of 34.98% from the company’s previous close.

SIL has been the topic of several other research reports. Cormark lifted their price target on SilverCrest Metals from C$9.50 to C$12.00 in a research report on Friday. BMO Capital Markets upped their price target on shares of SilverCrest Metals from C$9.50 to C$10.50 in a research report on Friday. Stifel Nicolaus lowered their price objective on shares of SilverCrest Metals from C$7.75 to C$7.25 in a research report on Friday, January 26th. Desjardins dropped their price objective on shares of SilverCrest Metals from C$10.25 to C$9.50 and set a “hold” rating on the stock in a research note on Tuesday, March 12th. Finally, Canaccord Genuity Group increased their target price on shares of SilverCrest Metals from C$4.75 to C$7.50 in a research note on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$9.39.

SilverCrest Metals Stock Performance

Shares of SIL stock traded down C$0.04 during mid-day trading on Tuesday, hitting C$8.52. 246,455 shares of the stock were exchanged, compared to its average volume of 156,209. SilverCrest Metals has a 12-month low of C$2.85 and a 12-month high of C$8.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 5.43 and a current ratio of 5.50. The stock has a market capitalization of C$1.25 billion and a price-to-earnings ratio of -83.53. The stock’s fifty day simple moving average is C$8.52 and its two-hundred day simple moving average is C$8.52.

Insider Buying and Selling at SilverCrest Metals

In other news, Director Ani Andreeva Markova sold 20,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$8.92, for a total value of C$178,398.00. In other news, Director Ani Andreeva Markova sold 20,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$8.92, for a total transaction of C$178,398.00. Also, Director Pierre Beaudoin sold 63,500 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of C$7.44, for a total transaction of C$472,440.00. In the last three months, insiders have sold 418,670 shares of company stock valued at $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.