SilverCrest Metals (CVE:SIL) Rating Lowered to Neutral at Ventum Financial

SilverCrest Metals (CVE:SIL) was downgraded by investment analysts at Ventum Financial from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, BayStreet.CA reports. They presently have a C$15.50 price objective on the stock, up from their previous price objective of C$13.45. Ventum Financial’s price target points to a potential upside of 81.92% from the company’s current price.

Several other research firms also recently issued reports on SIL. Cormark upped their price objective on SilverCrest Metals from C$13.75 to C$14.00 in a report on Monday, July 15th. Stifel Nicolaus decreased their price target on SilverCrest Metals from C$12.50 to C$11.50 in a report on Thursday, August 8th. BMO Capital Markets boosted their price objective on SilverCrest Metals from C$13.25 to C$14.25 in a report on Monday, July 15th. Finally, Raymond James raised their target price on shares of SilverCrest Metals from C$11.50 to C$15.00 in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, SilverCrest Metals currently has an average rating of “Hold” and an average price target of C$12.46.

SilverCrest Metals Stock Down 0.5 %

Shares of SIL opened at C$8.52 on Monday. SilverCrest Metals has a 12 month low of C$2.85 and a 12 month high of C$8.70. The stock has a market cap of C$1.25 billion and a price-to-earnings ratio of -83.53. The company has a 50-day moving average price of C$8.52 and a two-hundred day moving average price of C$8.52. The company has a quick ratio of 5.43, a current ratio of 5.50 and a debt-to-equity ratio of 0.74.

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.