Insider Selling: SilverCrest Metals Inc (CVE:SIL) Senior Officer Sells 345,240 Shares of Stock

SilverCrest Metals Inc (CVE:SIL) Senior Officer Stephany Fier sold 345,240 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$11.55, for a total value of C$3,987,522.00.

SilverCrest Metals Trading Down 0.5 %

CVE SIL opened at C$8.52 on Friday. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74. SilverCrest Metals Inc has a twelve month low of C$2.85 and a twelve month high of C$8.70. The company has a market cap of C$1.25 billion and a price-to-earnings ratio of -83.53. The business’s fifty day moving average is C$8.52 and its 200 day moving average is C$8.52.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SIL shares. BMO Capital Markets increased their target price on SilverCrest Metals from C$10.50 to C$13.25 in a research note on Thursday, May 16th. Canaccord Genuity Group increased their target price on SilverCrest Metals from C$4.75 to C$7.50 in a research note on Tuesday, April 23rd. Ventum Financial raised their price objective on SilverCrest Metals from C$10.00 to C$12.65 in a research note on Tuesday, May 28th. Raymond James raised their price objective on SilverCrest Metals from C$9.75 to C$11.50 in a research note on Tuesday, April 23rd. Finally, Cormark raised their price objective on SilverCrest Metals from C$9.50 to C$12.00 in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$10.64.

About SilverCrest Metals

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.