Christopher Kyle Ritchie Sells 51,908 Shares of SilverCrest Metals Inc (CVE:SIL) Stock

SilverCrest Metals Inc (CVE:SIL) Senior Officer Christopher Kyle Ritchie sold 51,908 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of C$8.94, for a total value of C$464,311.87.

SilverCrest Metals Trading Down 0.5 %

SIL stock opened at C$8.52 on Friday. The company has a market cap of C$1.25 billion and a P/E ratio of -83.53. SilverCrest Metals Inc has a twelve month low of C$2.85 and a twelve month high of C$8.70. 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 fifty day moving average of C$8.52 and a 200-day moving average of C$8.52.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Desjardins cut their target price on SilverCrest Metals from C$10.25 to C$9.50 and set a “hold” rating for the company in a research report on Tuesday, March 12th. Cormark lifted their price objective on SilverCrest Metals from C$9.50 to C$12.00 in a research report on Friday, April 19th. Raymond James lifted their price objective on SilverCrest Metals from C$9.75 to C$11.50 in a research report on Tuesday, April 23rd. BMO Capital Markets lifted their price objective on SilverCrest Metals from C$10.50 to C$13.25 in a research report on Thursday, May 16th. Finally, Canaccord Genuity Group lifted their price objective on SilverCrest Metals from C$4.75 to C$7.50 in a research report on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$10.36.

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.