In a latest note to investors, a research analyst has provided a rating update for the SilverCrest Metals (SIL). The company received a Buy today from National Bank’s analyst Don DeMarco, with a C$6.50 price target.
According to TipRanks.com, DeMarco is a 4-star analyst with an average return of 8.3% and a 64.9% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Detour Gold Corporation, and OceanaGold Corporation.
Currently, the analyst consensus on SilverCrest Metals is a Strong Buy with an average price target of C$6, representing a 24.7% upside. In a report released today, RBC Capital also maintained a Buy rating on the stock with a C$6 price target.
SilverCrest Metals’ market cap is currently C$347.7M and has a P/E ratio of 0. The company has a Price to Book ratio of 8.02.
SilverCrest Metals, Inc. engages in the exploration, acquisition, and development of mineral properties and precious metals in Mexico. Its projects include Las Chispas, Huasabas, and Cruz de Mayo. The company was founded on June 23, 2015 and is headquartered in Vancouver, Canada.
The company’s shares closed on Friday at C$4.81, close to its 52-week high of C$5.02.