In a report released today, Ovais Habib from Scotiabank maintained a Buy rating on SilverCrest Metals (SILV – Research Report), with a price target of $7.50. The company’s shares opened today at $8.64.
According to TipRanks, Habib is a 3-star analyst with an average return of 2.3% and a 48.44% success rate. Habib covers the Basic Materials sector, focusing on stocks such as OceanaGold, Lundin Gold, and SilverCrest Metals.
Currently, the analyst consensus on SilverCrest Metals is a Moderate Buy with an average price target of $7.66.
Based on SilverCrest Metals’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $61.32 million and a net profit of $35.92 million. In comparison, last year the company earned a revenue of $40.79 million and had a net profit of $60.5 million
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SILV in relation to earlier this year.
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SilverCrest Metals (SILV) Company Description:
SilverCrest Metals, Inc. engages in the exploration, acquisition, and development of mineral properties and precious metals. It focuses on new discoveries, value-added acquisitions, and targeting production in Mexico’s historic precious metal districts. Its portfolio includes Las Chispas, Cruz de Mayo, Angel de Plata, and Estacion Llano. The company was founded on June 23, 2015 and is headquartered in Vancouver, Canada.
