Brokerages Set SilverCrest Metals Inc. (NASDAQ:SILV) PT at $3.63
Shares of SilverCrest Metals Inc. (NASDAQ:SILV) have been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $3.63.
Several research firms recently weighed in on SILV. Canaccord Genuity set a $107.00 target price on Columbia Sportswear and gave the stock a “hold” rating in a report on Friday, April 26th. Zacks Investment Research lowered Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd.
A number of institutional investors and hedge funds have recently bought and sold shares of SILV. Arete Wealth Advisors LLC acquired a new position in shares of SilverCrest Metals during the fourth quarter worth approximately $30,000. Raymond James & Associates acquired a new position in shares of SilverCrest Metals during the fourth quarter worth approximately $39,000. 9258 Wealth Management LLC acquired a new position in shares of SilverCrest Metals during the first quarter worth approximately $66,000. CIBC World Markets Inc. lifted its holdings in shares of SilverCrest Metals by 178.8% during the first quarter. CIBC World Markets Inc. now owns 60,505 shares of the company’s stock worth $198,000 after buying an additional 38,805 shares during the last quarter. Finally, Fiera Capital Corp acquired a new position in shares of SilverCrest Metals during the fourth quarter worth approximately $132,000.
SilverCrest Metals (NASDAQ:SILV) last posted its earnings results on Thursday, May 9th. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.01).
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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