SilverCrest Metals (CVE:SIL) Price Target Increased to C$9.50 by Analysts at National Bank Financial

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SilverCrest Metals (CVE:SIL) had its target price lifted by National Bank Financial from C$9.00 to C$9.50 in a research note published on Thursday, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other equities analysts have also commented on the stock. Eight Capital increased their price objective on shares of SilverCrest Metals from C$6.25 to C$9.00 in a research report on Monday, July 22nd. Royal Bank of Canada increased their price objective on shares of SilverCrest Metals from C$7.50 to C$9.50 and gave the company an outperform rating in a research report on Monday, September 9th. BMO Capital Markets increased their price objective on shares of SilverCrest Metals from C$9.00 to C$9.50 in a research report on Wednesday, September 11th. Desjardins increased their price objective on shares of SilverCrest Metals from C$7.25 to C$8.75 in a research report on Monday, August 26th. Finally, Canaccord Genuity raised their price target on shares of SilverCrest Metals from C$5.75 to C$6.75 in a research report on Monday, July 22nd.

Shares of SilverCrest Metals stock remained flat at $C$8.19 during midday trading on Thursday. 148,911 shares of the company traded hands, compared to its average volume of 156,209. The stock has a market capitalization of $520.91 million and a PE ratio of -80.29. The company has a current ratio of 5.50, a quick ratio of 5.43 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of C$8.21 and a two-hundred day moving average price of C$6.09. SilverCrest Metals has a 52-week low of C$2.93 and a 52-week high of C$8.70.

SilverCrest Metals (CVE:SIL) last announced its quarterly earnings data on Friday, August 9th. The company reported C($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.02). As a group, sell-side analysts anticipate that SilverCrest Metals will post -0.0480634 earnings per share for the current fiscal 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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