SilverCrest Metals (CVE:SIL) Price Target Raised to C$13.00

SilverCrest Metals (CVE:SIL) had its price target raised by Royal Bank of Canada from C$12.00 to C$13.00 in a research note published on Friday morning,BayStreet.CA reports.

A number of other research analysts also recently weighed in on SIL. Stifel Nicolaus cut their price target on SilverCrest Metals from C$12.50 to C$11.50 in a research note on Thursday, August 8th. Ventum Financial lowered SilverCrest Metals from a “buy” rating to a “neutral” rating and increased their target price for the company from C$13.45 to C$15.50 in a research note on Monday, October 7th.

SilverCrest Metals Trading Down 0.5 %

Shares of SIL opened at C$8.52 on Friday. SilverCrest Metals has a 52-week low of C$2.85 and a 52-week high of C$8.70. The stock has a fifty day moving average price of C$8.52 and a two-hundred day moving average price of C$8.52. 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 company has a market cap of C$1.25 billion and a price-to-earnings ratio of -83.53.

Insider Transactions at SilverCrest Metals

In other news, Director Ani Andreeva Markova sold 24,749 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$13.40, for a total transaction of C$331,636.60. Also, Senior Officer Bernard Poznanski sold 7,500 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of C$13.85, for a total transaction of C$103,875.00.

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.