SilverCrest Metals Inc (SIL) Received Consensus Rating of “Purchase” from Brokerages

SilverCrest Metals Inc (SIL) Received Consensus Rating of “Purchase” from Brokerages

Shares of SilverCrest Metals Inc (CVE:SIL) have been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$4.51.

Several research firms recently commented on SIL. Royal Bank of Canada set a C$5.00 target price on SilverCrest Metals and gave the stock an “outperform” rating in a research note on Tuesday. National Bank Financial raised their target price on SilverCrest Metals from C$4.00 to C$4.75 and gave the stock an “outperform” rating in a research note on Friday, September 21st. Finally, Roth Capital reaffirmed a “buy” rating on shares of SilverCrest Metals in a research note on Thursday, July 12th.

In other SilverCrest Metals news, Director Pierre Beaudoin bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was acquired at an average price of C$2.69 per share, with a total value of C$53,800.00. Insiders have purchased 27,000 shares of company stock valued at $76,710 in the last ninety days.

CVE SIL traded up C$0.04 during trading hours on Tuesday, hitting C$3.64. 63,657 shares of the company’s stock were exchanged, compared to its average volume of 131,862. SilverCrest Metals has a 1-year low of C$1.05 and a 1-year high of C$3.80.

SilverCrest Metals (CVE:SIL) last released its earnings results on Thursday, August 2nd. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.01).

SilverCrest Metals Company Profile

SilverCrest Metals Inc engages in the acquisition, exploration, and development of precious metal properties. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 27 concessions totaling approximately 1,389 hectares located in Sonora, Mexico.

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