SilverCrest Metals (SIL) PT Raised to C$5.50

SilverCrest Metals (CVE:SIL) had its price target increased by equities researchers at Cormark from C$5.20 to C$5.50 in a research report issued to clients and investors on Thursday. Cormark’s target price would suggest a potential upside of 37.50% from the company’s previous close.

Several other research analysts have also weighed in on the stock. National Bank Financial boosted their price objective on shares of SilverCrest Metals from C$4.00 to C$4.75 and gave the stock an “outperform” rating in a research note on Friday, September 21st. Royal Bank of Canada set a C$5.00 price objective on shares of SilverCrest Metals and gave the stock an “outperform” rating in a research note on Tuesday, October 23rd. Finally, Eight Capital boosted their price objective on shares of SilverCrest Metals from C$4.30 to C$4.45 in a research note on Friday, November 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. SilverCrest Metals has an average rating of “Buy” and an average target price of C$4.84.

SilverCrest Metals stock opened at C$4.00 on Thursday. SilverCrest Metals has a fifty-two week low of C$1.75 and a fifty-two week high of C$4.29.

SilverCrest Metals (CVE:SIL) last released its quarterly earnings data on Wednesday, November 14th. The company reported C($0.02) earnings per share for the quarter, hitting the consensus estimate of C($0.02). As a group, research analysts expect that SilverCrest Metals will post -0.05 earnings per share for the current year.

In related news, Director John H. Wright purchased 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 5th. The shares were acquired at an average price of C$3.25 per share, for a total transaction of C$39,000.00. Also, Director John H. Wright purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was bought at an average price of C$3.21 per share, for a total transaction of C$32,100.00. In the last quarter, insiders purchased 29,800 shares of company stock worth $95,904.

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 (CVE:SIL)

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