Royal Bank of Canada Forecasts Strong Price Appreciation for SilverCrest Metals (CVE:SIL) Stock

SilverCrest Metals (CVE:SIL) had its target price raised by investment analysts at Royal Bank of Canada from C$12.00 to C$13.00 in a research report issued on Friday,BayStreet.CA reports. Royal Bank of Canada’s price target suggests a potential upside of 52.58% from the stock’s previous close.

SIL has been the topic of a number of other reports. Ventum Financial downgraded shares of SilverCrest Metals from a “buy” rating to a “neutral” rating and boosted their price objective for the company from C$13.45 to C$15.50 in a research report on Monday, October 7th. Stifel Nicolaus reduced their price target on shares of SilverCrest Metals from C$12.50 to C$11.50 in a research report on Thursday, August 8th.

SilverCrest Metals Price Performance

SIL opened at C$8.52 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 5.43 and a current ratio of 5.50. The stock has a market capitalization of C$1.25 billion and a PE ratio of -83.53. The stock’s 50 day moving average price is C$8.52 and its 200-day moving average price is C$8.52. SilverCrest Metals has a 52-week low of C$2.85 and a 52-week high of C$8.70.

Insider Activity

In other news, Senior Officer Bernard Poznanski sold 7,500 shares of SilverCrest Metals stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of C$13.85, for a total transaction of C$103,875.00. Also, Director Ani Andreeva Markova sold 24,749 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$13.40, for a total value of C$331,636.60.

SilverCrest Metals Company Profile

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.