Shares of SilverCrest Metals Inc. (NASDAQ:SILV) have been given a consensus rating of “Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $3.63.
SILV has been the subject of several research reports. Macquarie reiterated a “buy” rating on shares of SilverCrest Metals in a research report on Tuesday, February 26th. Zacks Investment Research raised shares of SilverCrest Metals from a “sell” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Tuesday, May 21st. Canaccord Genuity reissued a “buy” rating on shares of SilverCrest Metals in a research report on Friday, April 26th. Finally, BMO Capital Markets began coverage on shares of SilverCrest Metals in a research report on Wednesday, February 13th. They set an “outperform” rating and a $3.63 target price on the stock.
A number of hedge funds and other institutional investors have recently modified their holdings of SILV. Arete Wealth Advisors LLC purchased a new stake in SilverCrest Metals in the 4th quarter worth $30,000. Neuberger Berman Group LLC acquired a new stake in SilverCrest Metals during the 3rd quarter worth $37,000. Raymond James & Associates acquired a new position in shares of SilverCrest Metals during the 4th quarter valued at about $39,000. 9258 Wealth Management LLC acquired a new position in shares of SilverCrest Metals during the 1st quarter valued at about $66,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of SilverCrest Metals during the 1st quarter valued at about $131,000.
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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