SilverCrest Metals (CVE:SIL) had its price target lifted by equities researchers at Cormark from C$5.50 to C$6.20 in a research report issued on Friday. Cormark’s price objective points to a potential upside of 28.90% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Eight Capital upped their price objective on SilverCrest Metals from C$4.45 to C$6.00 in a report on Thursday, January 24th. National Bank Financial upped their price objective on SilverCrest Metals from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a report on Friday. Finally, BMO Capital Markets set a C$6.50 price objective on SilverCrest Metals and gave the stock an “outperform” rating in a report on Wednesday, February 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$5.87.
Shares of SIL traded up C$0.11 during mid-day trading on Friday, hitting C$4.81. 150,094 shares of the stock were exchanged, compared to its average volume of 122,380. The stock has a market capitalization of $386.78 million and a price-to-earnings ratio of -55.29. SilverCrest Metals has a 52-week low of C$2.03 and a 52-week high of C$5.02.
About SilverCrest Metals
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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