Stifel Nicolaus Cuts SilverCrest Metals (CVE:SIL) Price Target to C$7.25

SilverCrest Metals (CVE:SILGet Free Report) had its price objective dropped by equities research analysts at Stifel Nicolaus from C$7.75 to C$7.25 in a research note issued to investors on Friday, BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential downside of 14.91% from the company’s previous close.

Separately, Raymond James lifted their price objective on SilverCrest Metals from C$9.00 to C$9.75 in a report on Friday, January 12th.

Check Out Our Latest Research Report on SIL

SilverCrest Metals Stock Performance

SIL traded down C$0.04 during midday trading on Friday, reaching C$8.52. The company’s stock had a trading volume of 246,455 shares, compared to its average volume of 156,209. The stock has a market cap of C$1.25 billion and a P/E ratio of -83.53. The company has a fifty day simple moving average of C$8.52 and a 200 day simple moving average of C$8.52. The company has a current ratio of 5.50, a quick ratio of 5.43 and a debt-to-equity ratio of 0.74. SilverCrest Metals has a twelve month low of C$2.85 and a twelve month high of C$8.70.

Insider Buying and Selling

In related news, Senior Officer Pierre Beaudoin sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of C$8.70, for a total transaction of C$26,100.00. In related news, Senior Officer Anne Yong sold 50,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of C$7.23, for a total value of C$361,345.00. Also, Senior Officer Pierre Beaudoin sold 3,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of C$8.70, for a total value of C$26,100.00. Insiders sold 278,400 shares of company stock worth $2,029,471 in the last 90 days.

SilverCrest Metals Company Profile

(Get Free Report)

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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