SilverCrest Metals (CVE:SIL) PT Raised to C$8.75
Posted by ABMN Staff on Aug 26th, 2019
SilverCrest Metals logoSilverCrest Metals (CVE:SIL) had its target price boosted by equities research analysts at Desjardins from C$7.25 to C$8.75 in a report released on Monday, BayStreet.CA reports. Desjardins’ target price suggests a potential upside of 9.65% from the company’s previous close.
Several other brokerages also recently weighed in on SIL. Pi Financial boosted their target price on shares of SilverCrest Metals from C$7.50 to C$7.95 in a research note on Wednesday, August 21st. National Bank Financial set a C$8.00 target price on shares of SilverCrest Metals and gave the company an “outperform” rating in a research note on Friday, August 16th. BMO Capital Markets boosted their target price on shares of SilverCrest Metals from C$7.00 to C$9.00 in a research note on Monday, August 19th. Eight Capital boosted their target price on shares of SilverCrest Metals from C$6.25 to C$9.00 in a research note on Monday, July 22nd. Finally, Canaccord Genuity boosted their target price on shares of SilverCrest Metals from C$5.75 to C$6.75 in a research note on Monday, July 22nd.
Shares of CVE:SIL traded up C$0.14 during midday trading on Monday, hitting C$7.98. 262,234 shares of the stock were exchanged, compared to its average volume of 154,100. The stock has a market cap of $498.65 million and a P/E ratio of -80.61. The company has a current ratio of 14.56, a quick ratio of 14.38 and a debt-to-equity ratio of 0.77. SilverCrest Metals has a twelve month low of C$2.85 and a twelve month high of C$8.38. The company has a 50 day moving average price of C$6.63 and a 200-day moving average price of C$5.17.
SilverCrest Metals (CVE:SIL) last released its quarterly earnings results on Friday, August 9th. The company reported C($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.02). On average, equities research analysts expect that SilverCrest Metals will post -0.05 earnings per share for the current year.
About SilverCrest Metals
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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