SilverCrest Metals (CVE:SIL) PT Raised to C$7.95

SilverCrest Metals (CVE:SIL) had its price objective hoisted by research analysts at Pi Financial from C$7.50 to C$7.95 in a note issued to investors on Wednesday, BayStreet.CA reports. Pi Financial’s price objective would indicate a potential upside of 4.74% from the stock’s current price.

SIL has been the subject of several other reports. Desjardins raised their target price on shares of SilverCrest Metals from C$6.00 to C$7.25 in a research note on Wednesday, July 17th. Canaccord Genuity raised their target price on shares of SilverCrest Metals from C$5.75 to C$6.75 in a research note on Monday, July 22nd. National Bank Financial set a C$8.00 price objective on shares of SilverCrest Metals and gave the stock an “outperform” rating in a research report on Friday, August 16th. BMO Capital Markets lifted their price objective on shares of SilverCrest Metals from C$7.00 to C$9.00 in a research report on Monday. Finally, Eight Capital lifted their price objective on shares of SilverCrest Metals from C$6.25 to C$9.00 in a research report on Monday, July 22nd.

Shares of CVE SIL traded up C$0.09 during midday trading on Wednesday, reaching C$7.59. The company’s stock had a trading volume of 72,142 shares, compared to its average volume of 152,750. The company has a current ratio of 14.56, a quick ratio of 14.38 and a debt-to-equity ratio of 0.77. SilverCrest Metals has a fifty-two week low of C$2.85 and a fifty-two week high of C$8.38. The stock has a market capitalization of $678.57 million and a price-to-earnings ratio of -76.26. The stock has a 50 day simple moving average of C$6.48 and a 200-day simple moving average of C$5.13.

SilverCrest Metals (CVE:SIL) last released its earnings results on Friday, August 9th. The company reported C($0.02) earnings per share for the quarter, meeting the consensus estimate of C($0.02). As a group, equities analysts anticipate that SilverCrest Metals will post -0.05 EPS for the current year.

SilverCrest Metals Company Profile

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.

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