SilverCrest Metals (SIL) Received its Third Buy in a Row
Analysts have been quite happy with SilverCrest Metals (SIL) stock lately, with several positive ratings in a row that it received in the past month alone. Today, analyst Mark Mihaljevic gave a Buy rating to SIL and set a C$6 price target.
According to TipRanks.com, Mihaljevic ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.5% and a 30.4% success rate. Mihaljevic covers the Basic Materials sector, focusing on stocks such as SilverCrest Metals Inc, Hecla Mining Company, and Argonaut Gold Inc.
SilverCrest Metals has an analyst consensus of Strong Buy, with a price target consensus of C$6, a 24.7% upside from current levels. In a report released today, National Bank also maintained a Buy rating on the stock with a C$6.50 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.