SilverCrest Metals (SIL) Price Target Raised to C$6.50 at National Bank Financial

SilverCrest Metals (CVE:SIL) had its price objective lifted by equities researchers at National Bank Financial from C$6.00 to C$6.50 in a research report issued to clients and investors on Friday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 35.14% from the company’s previous close.

SIL has been the subject of a number of other reports. BMO Capital Markets set a C$6.50 price objective on SilverCrest Metals and gave the company an “outperform” rating in a research note on Wednesday, February 13th. Eight Capital lifted their price objective on SilverCrest Metals from C$4.45 to C$6.00 in a research note on Thursday, January 24th. Finally, Cormark lifted their price objective on SilverCrest Metals from C$5.20 to C$5.50 in a research note on Thursday, January 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$5.87.

SIL stock traded up C$0.11 during midday trading on Friday, hitting C$4.81. 150,094 shares of the company’s stock were exchanged, compared to its average volume of 122,380. The stock has a market cap of $386.78 million and a price-to-earnings ratio of -55.29. SilverCrest Metals has a 1-year low of C$2.03 and a 1-year high of C$5.02.

SilverCrest Metals Company Profile

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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Analyst Recommendations for SilverCrest Metals (CVE:SIL)

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