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Pi Financial Cuts SilverCrest Metals (TSE:SIL) Price Target to C$15.20

Financial News Live ·  Sep 12, 2022 13:31

SilverCrest Metals (TSE:SIL – Get Rating) had its price objective cut by analysts at Pi Financial to C$15.20 in a research report issued on Monday, Stock Target Advisor reports. Pi Financial's price target indicates a potential upside of 88.12% from the stock's current price.

Separately, Cormark reiterated a "buy" rating and set a C$14.00 target price on shares of SilverCrest Metals in a research report on Friday, May 20th.

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SilverCrest Metals Stock Performance

TSE SIL traded up C$0.31 during trading hours on Monday, reaching C$8.08. 171,786 shares of the company were exchanged, compared to its average volume of 284,070. SilverCrest Metals has a 1 year low of C$6.65 and a 1 year high of C$12.99. The business's 50 day simple moving average is C$7.85 and its 200-day simple moving average is C$9.39. The company has a quick ratio of 12.69, a current ratio of 14.61 and a debt-to-equity ratio of 33.21. The stock has a market capitalization of C$1.18 billion and a P/E ratio of 800.00.

SilverCrest Metals (TSE:SIL – Get Rating) last issued its earnings results on Thursday, August 11th. The company reported C$0.08 earnings per share for the quarter, topping analysts' consensus estimates of C($0.03) by C$0.11. On average, equities research analysts expect that SilverCrest Metals will post 1.0800001 earnings per share for the current year.

About SilverCrest Metals

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SilverCrest Metals Inc explores for and develops precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its principal property includes the Las Chispas project that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico.

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