Shares of SilverCrest Metals Inc (CVE:SIL) rose 10.7% during trading on Wednesday . The company traded as high as C$4.58 and last traded at C$4.56. Approximately 121,553 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 115,018 shares. The stock had previously closed at C$4.12.

SIL has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their price objective on SilverCrest Metals from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. National Bank Financial boosted their price objective on SilverCrest Metals from C$6.00 to C$6.50 and gave the company an “outperform” rating in a research report on Friday, March 15th. Cormark boosted their price objective on SilverCrest Metals from C$5.50 to C$6.20 in a research report on Friday, March 15th. Eight Capital boosted their price objective on SilverCrest Metals from C$4.45 to C$6.00 in a research report on Thursday, January 24th. Finally, BMO Capital Markets set a C$6.50 price target on SilverCrest Metals and gave the stock an “outperform” rating in a research report on Wednesday, February 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$5.87.

The company has a quick ratio of 14.38, a current ratio of 14.56 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $352.15 million and a P/E ratio of -44.95.

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About SilverCrest Metals (CVE:SIL)

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.

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