SilverCrest Metals (CVE:SIL) Given a C$15.00 Price Target by Raymond James Analysts

SilverCrest Metals (CVE:SIL) received a C$15.00 price target from equities research analysts at Raymond James in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 76.06% from the stock’s current price.

A number of other analysts have also commented on the company. Pi Financial lifted their price objective on SilverCrest Metals from C$16.65 to C$17.00 and gave the stock a “buy” rating in a research report on Friday, February 12th. National Bank Financial lowered their price objective on SilverCrest Metals from C$19.00 to C$17.25 and set an “outperform” rating for the company in a research report on Thursday, February 4th.

Shares of CVE:SIL traded down C$0.04 during midday trading on Tuesday, reaching C$8.52. The company’s stock had a trading volume of 246,455 shares, compared to its average volume of 156,209. SilverCrest Metals has a fifty-two week low of C$2.85 and a fifty-two week 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. The stock’s fifty day simple moving average is C$8.52.

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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