SilverCrest Metals (CVE:SIL) Price Target Increased to C$7.50 by Analysts at Canaccord Genuity Group

SilverCrest Metals (CVE:SIL) had its target price hoisted by Canaccord Genuity Group from C$4.75 to C$7.50 in a research note published on Tuesday morning, BayStreet.CA reports.

SIL has been the subject of several other reports. Cormark increased their target price on SilverCrest Metals from C$9.50 to C$12.00 in a report on Friday, April 19th. Stifel Nicolaus dropped their target price on SilverCrest Metals from C$7.75 to C$7.25 in a report on Friday, January 26th. Desjardins dropped their target price on SilverCrest Metals from C$10.25 to C$9.50 and set a hold rating for the company in a report on Tuesday, March 12th. Raymond James increased their target price on SilverCrest Metals from C$9.00 to C$9.75 in a report on Friday, January 12th. Finally, BMO Capital Markets increased their target price on SilverCrest Metals from C$9.50 to C$10.50 in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of C$9.39.

SilverCrest Metals Price Performance

SIL opened at C$8.52 on Tuesday. The stock has a 50-day moving average price of C$8.52 and a 200-day moving average price of C$8.52. SilverCrest Metals has a 12-month low of C$2.85 and a 12-month high of C$8.70. The company has a current ratio of 5.50, a quick ratio of 5.43 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of C$1.25 billion and a P/E ratio of -83.53.

Insider Buying and Selling at SilverCrest Metals

In other SilverCrest Metals news, Director Pierre Beaudoin sold 8,900 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of C$10.15, for a total transaction of C$90,335.00. In other news, Director Pierre Beaudoin sold 8,900 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of C$10.15, for a total value of C$90,335.00. Also, Senior Officer Bernard Poznanski sold 10,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$9.82, for a total value of C$98,210.00. Insiders sold 418,670 shares of company stock valued at $3,814,578 in the last 90 days.

SilverCrest Metals Company Profile

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.