SilverCrest Metals (SIL) Price Target Raised to C$6.00

SilverCrest Metals (CVE:SIL) had its price target hoisted by equities researchers at Royal Bank of Canada from C$5.00 to C$6.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 24.74% from the stock’s previous close.

Other research analysts have also issued research reports about the company. BMO Capital Markets set a C$6.50 price target on SilverCrest Metals and gave the stock an “outperform” rating in a research note on Wednesday, February 13th. Eight Capital raised their target price on SilverCrest Metals from C$4.30 to C$4.45 in a research note on Friday, November 30th. National Bank Financial raised their target price on SilverCrest Metals from C$6.00 to C$6.50 and gave the company an “outperform” rating in a research note on Friday. Finally, Cormark increased their price target on shares of SilverCrest Metals from C$5.50 to C$6.20 in a research report on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$5.87.

SIL stock traded up C$0.11 during trading on Friday, hitting C$4.81. The company had a trading volume of 150,094 shares, compared to its average volume of 122,380. The stock has a market capitalization of $386.78 million and a PE ratio of -55.29. SilverCrest Metals has a 1-year low of C$2.03 and a 1-year high of C$5.02.

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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