SilverCrest Metals (CVE:SIL) Price Target Raised to C$13.00 at Royal Bank of Canada

SilverCrest Metals (CVE:SIL) had its price objective upped by Royal Bank of Canada from C$12.00 to C$13.00 in a report published on Friday,BayStreet.CA reports.

A number of other brokerages also recently issued reports on SIL. Stifel Nicolaus reduced their price target on SilverCrest Metals from C$12.50 to C$11.50 in a research report on Thursday, August 8th. Ventum Financial downgraded SilverCrest Metals from a “buy” rating to a “neutral” rating and upped their target price for the company from C$13.45 to C$15.50 in a research report on Monday, October 7th.

SilverCrest Metals Stock Performance

CVE SIL opened at C$8.52 on Friday. The firm has a 50-day moving average price of C$8.52 and a two-hundred day moving average price of C$8.52. SilverCrest Metals has a 12-month low of C$2.85 and a 12-month high of C$8.70. The company has a market capitalization of C$1.25 billion and a P/E ratio of -83.53. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74.

Insider Activity at SilverCrest Metals

In related news, Senior Officer Bernard Poznanski sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$13.85, for a total transaction of C$103,875.00. Also, Director Ani Andreeva Markova sold 24,749 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$13.40, for a total transaction of C$331,636.60.

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.