Insider Selling: SilverCrest Metals Inc (CVE:SIL) Senior Officer Sells 51,908 Shares of Stock

SilverCrest Metals Inc (CVE:SIL) Senior Officer Christopher Kyle Ritchie sold 51,908 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of C$8.94, for a total value of C$464,311.87.

SilverCrest Metals Price Performance

SilverCrest Metals stock opened at C$8.52 on Thursday. SilverCrest Metals Inc has a 52 week low of C$2.85 and a 52 week high of C$8.70. The business has a 50-day simple moving average of C$8.52 and a 200 day simple moving average of C$8.52. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74. The stock has a market cap of C$1.25 billion and a price-to-earnings ratio of -83.53.

Analyst Ratings Changes

SIL has been the topic of a number of recent analyst reports. Canaccord Genuity Group increased their price target on shares of SilverCrest Metals from C$4.75 to C$7.50 in a report on Tuesday, April 23rd. Raymond James increased their target price on shares of SilverCrest Metals from C$9.75 to C$11.50 in a research note on Tuesday, April 23rd. Stifel Nicolaus boosted their price target on shares of SilverCrest Metals from C$9.75 to C$11.25 and gave the company a “hold” rating in a research report on Wednesday, May 15th. Cormark upped their price target on shares of SilverCrest Metals from C$9.50 to C$12.00 in a report on Friday, April 19th. Finally, BMO Capital Markets lifted their price objective on SilverCrest Metals from C$10.50 to C$13.25 in a research note on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$10.36.

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.