Brokerages Set SilverCrest Metals Inc. (NASDAQ:SILV) PT at $7.00

SilverCrest Metals Inc. (NASDAQ:SILV) has earned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $7.00.

Several research analysts have issued reports on SILV shares. Roth Capital set a $7.00 price objective on SilverCrest Metals and gave the stock a “buy” rating in a report on Monday, August 26th. B. Riley started coverage on SilverCrest Metals in a report on Thursday, October 31st. They set a “neutral” rating on the stock. Desjardins reaffirmed a “buy” rating on shares of SilverCrest Metals in a report on Monday, August 26th. Zacks Investment Research raised SilverCrest Metals from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets started coverage on SilverCrest Metals in a report on Friday, August 16th. They set a “buy” rating on the stock.

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NASDAQ SILV traded down $0.33 during trading hours on Tuesday, reaching $5.21. 480,200 shares of the company’s stock were exchanged, compared to its average volume of 162,796. SilverCrest Metals has a one year low of $2.21 and a one year high of $6.69. The firm has a fifty day moving average of $5.75 and a 200-day moving average of $4.83.

Large investors have recently bought and sold shares of the business. Intact Investment Management Inc. lifted its holdings in SilverCrest Metals by 41.0% during the 2nd quarter. Intact Investment Management Inc. now owns 423,000 shares of the company’s stock worth $2,178,000 after buying an additional 123,000 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of SilverCrest Metals in the 2nd quarter valued at $32,000. ETF Managers Group LLC lifted its stake in shares of SilverCrest Metals by 7.5% in the 2nd quarter. ETF Managers Group LLC now owns 459,305 shares of the company’s stock valued at $1,816,000 after purchasing an additional 32,053 shares during the period. Fiera Capital Corp lifted its stake in shares of SilverCrest Metals by 542.3% in the 2nd quarter. Fiera Capital Corp now owns 1,170,900 shares of the company’s stock valued at $4,632,000 after purchasing an additional 988,600 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of SilverCrest Metals in the 2nd quarter valued at $177,000.

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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