SilverCrest Metals (CVE:SIL) Trading Down 0.5%

SilverCrest Metals Inc (CVE:SIL) traded down 0.5% on Thursday . The stock traded as low as C$8.08 and last traded at C$8.52. 246,455 shares were traded during trading, an increase of 58% from the average session volume of 156,209 shares. The stock had previously closed at C$8.56.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on SilverCrest Metals from C$12.50 to C$11.50 in a report on Thursday, August 8th. BMO Capital Markets raised their target price on SilverCrest Metals from C$13.25 to C$14.25 in a report on Monday, July 15th. Ventum Financial lifted their price target on SilverCrest Metals from C$12.65 to C$13.45 in a research note on Thursday, August 29th. Raymond James lifted their price target on SilverCrest Metals from C$11.50 to C$15.00 in a research note on Thursday, August 1st. Finally, Cormark lifted their price objective on SilverCrest Metals from C$13.75 to C$14.00 in a research report on Monday, July 15th.

SilverCrest Metals Stock Performance

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 firm has a market cap of C$1.25 billion and a price-to-earnings ratio of -83.53. The stock has a fifty day moving average price of C$8.52 and a 200 day moving average price of C$8.52.

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.