SilverCrest Metals (CVE:SIL) had its price objective upped by analysts at Cormark from C$5.50 to C$6.20 in a research report issued to clients and investors on Friday. Cormark’s target price indicates a potential upside of 28.90% from the company’s current price.
Several other equities research analysts also recently commented on SIL. National Bank Financial lifted 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. Eight Capital lifted their price objective on SilverCrest Metals from C$4.30 to C$4.45 in a report on Friday, November 30th. 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 analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$5.87.
CVE SIL traded up C$0.11 during trading hours on Friday, hitting C$4.81. The company’s stock had a trading volume of 150,094 shares, compared to its average volume of 122,380. SilverCrest Metals has a 12 month low of C$2.03 and a 12 month high of C$5.02. The company has a market capitalization of $386.78 million and a price-to-earnings ratio of -55.29.
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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