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.
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.
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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