SilverCrest Metals (NASDAQ:SILV) Price Target Raised to $8.85 at B. Riley

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SilverCrest Metals (NASDAQ:SILV) had its price target increased by B. Riley from $7.80 to $8.85 in a report issued on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on SILV. Beacon Securities reaffirmed a buy rating on shares of SilverCrest Metals in a research note on Tuesday, January 28th. Roth Capital upped their price target on shares of SilverCrest Metals from to in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of SilverCrest Metals from a hold rating to a buy rating and set a $6.75 target price on the stock in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $8.53.

Shares of NASDAQ:SILV traded up $0.54 during trading on Thursday, reaching $8.07. The company had a trading volume of 1,182,400 shares, compared to its average volume of 585,983. The firm’s fifty day moving average is $6.58 and its 200 day moving average is $6.05. SilverCrest Metals has a twelve month low of $2.96 and a twelve month high of $8.22.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in shares of SilverCrest Metals by 66.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock worth $34,000 after purchasing an additional 2,000 shares in the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of SilverCrest Metals in the 4th quarter worth approximately $37,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of SilverCrest Metals in the 2nd quarter worth approximately $32,000. Citigroup Inc. raised its holdings in shares of SilverCrest Metals by 219.7% in the 4th quarter. Citigroup Inc. now owns 11,190 shares of the company’s stock worth $76,000 after purchasing an additional 7,690 shares in the last quarter. Finally, Man Group plc bought a new stake in shares of SilverCrest Metals in the 4th quarter worth approximately $86,000.

SilverCrest Metals Company Profile

SilverCrest Metals Inc engages in the acquisition, exploration, and development of precious metal properties. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 27 concessions totaling approximately 1,389 hectares located in Sonora, Mexico.

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Analyst Recommendations for SilverCrest Metals (NASDAQ:SILV)

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