BMO Capital Markets Raises SilverCrest Metals (SIL) Price Target to C$7.00

SilverCrest Metals (CVE:SIL) had its price objective upped by equities researchers at BMO Capital Markets from C$6.50 to C$7.00 in a research report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 51.52% from the company’s previous close.

A number of other research analysts have also commented on the company. Desjardins increased their price objective on SilverCrest Metals from C$5.75 to C$6.00 in a report on Thursday. Royal Bank of Canada increased their target price on 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 target price on SilverCrest Metals from C$5.50 to C$6.20 in a research note on Friday, March 15th. National Bank Financial increased their target price on SilverCrest Metals from C$6.00 to C$6.50 and gave the company an “outperform” rating in a research note on Friday, March 15th. Finally, Eight Capital increased their target price on SilverCrest Metals from C$4.45 to C$6.00 in a research note on Thursday, January 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$5.96.

Shares of CVE SIL traded down C$0.01 during mid-day trading on Thursday, reaching C$4.62. 883,955 shares of the company traded hands, 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. The firm has a market cap of $395.75 million and a price-to-earnings ratio of -46.67. SilverCrest Metals has a fifty-two week low of C$2.20 and a fifty-two week high of C$5.02.

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.

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Analyst Recommendations for SilverCrest Metals (CVE:SIL)

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