Royal Bank of Canada Forecasts Strong Price Appreciation for SilverCrest Metals (CVE:SIL) Stock

SilverCrest Metals (CVE:SIL) had its target price raised by investment analysts at Royal Bank of Canada from C$12.00 to C$13.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 52.58% from the stock’s previous close.

Several other research firms have also recently issued reports on SIL. Ventum Financial cut shares of SilverCrest Metals from a “buy” rating to a “neutral” rating and increased their target price for the stock from C$13.45 to C$15.50 in a research note on Monday, October 7th. Stifel Nicolaus dropped their price objective on SilverCrest Metals from C$12.50 to C$11.50 in a research note on Thursday, August 8th.

SilverCrest Metals Price Performance

SilverCrest Metals stock opened at C$8.52 on Friday. The firm has a market capitalization of C$1.25 billion and a P/E ratio of -83.53. SilverCrest Metals has a one year low of C$2.85 and a one year high of C$8.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.50 and a quick ratio of 5.43. The business has a fifty day moving average price of C$8.52 and a 200-day moving average price of C$8.52.

Insider Transactions at SilverCrest Metals

In other SilverCrest Metals news, Director Ani Andreeva Markova sold 24,749 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$13.40, for a total value of C$331,636.60. Also, Senior Officer Bernard Poznanski sold 7,500 shares of the 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.

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.