SilverCrest Metals (SIL) PT Raised to C$6.00 at Desjardins
SilverCrest Metals (CVE:SIL) had its price target lifted by equities researchers at Desjardins from C$5.75 to C$6.00 in a report released on Thursday, BayStreet.CA reports. Desjardins’ price target would suggest a potential upside of 29.87% from the stock’s current price.
SIL has been the topic of a number of other reports. National Bank Financial upped their target price on shares of SilverCrest Metals from C$5.25 to C$6.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 26th. Royal Bank of Canada increased their price target on shares of SilverCrest Metals from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Cormark increased their price target on shares of SilverCrest Metals from C$5.50 to C$6.20 in a research note on Friday, March 15th. Eight Capital increased their price target on shares of SilverCrest Metals from C$4.45 to C$6.00 in a research note on Thursday, January 24th. Finally, BMO Capital Markets set a C$6.50 price target on shares of SilverCrest Metals and gave the company an “outperform” rating in a research note on Wednesday, February 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. SilverCrest Metals presently has a consensus rating of “Buy” and a consensus price target of C$5.96.
Shares of SIL traded down C$0.01 during mid-day trading on Thursday, hitting C$4.62. 883,955 shares of the company’s stock were exchanged, compared to its average volume of 124,792. The company has a debt-to-equity ratio of 0.77, a quick ratio of 14.38 and a current ratio of 14.56. SilverCrest Metals has a fifty-two week low of C$2.20 and a fifty-two week high of C$5.02. The stock has a market capitalization of $395.75 million and a PE ratio of -46.67.
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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