Hannes Philip Portmann Sells 37,500 Shares of SilverCrest Metals Inc (CVE:SIL) Stock

SilverCrest Metals Inc (CVE:SIL) Director Hannes Philip Portmann sold 37,500 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$12.50, for a total value of C$468,750.00.

SilverCrest Metals Stock Performance

Shares of SIL stock opened at C$8.52 on Thursday. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average of C$8.52 and a two-hundred day moving average of C$8.52. The company has a market cap of C$1.25 billion and a P/E ratio of -83.53. SilverCrest Metals Inc has a 52 week low of C$2.85 and a 52 week high of C$8.70.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Stifel Nicolaus upped their target price on SilverCrest Metals from C$9.75 to C$11.25 and gave the company a “hold” rating in a research report on Wednesday, May 15th. Raymond James lifted their price target on shares of SilverCrest Metals from C$9.75 to C$11.50 in a research note on Tuesday, April 23rd. BMO Capital Markets increased their price objective on shares of SilverCrest Metals from C$10.50 to C$13.25 in a research note on Thursday, May 16th. Canaccord Genuity Group boosted their target price on shares of SilverCrest Metals from C$4.75 to C$7.50 in a research report on Tuesday, April 23rd. Finally, Cormark increased their price target on shares of SilverCrest Metals from C$9.50 to C$12.00 in a research report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$10.36.

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.