SilverCrest Metals (SILV) Lifted to “Hold” at Zacks Investment Research

SilverCrest Metals (NASDAQ:SILV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “SilverCrest Metals Inc. focuses on the acquisition, exploration, advancement and development of base mineral and precious metals properties primarily in Mexico. The company’s properties consist of Las Chispas property. SilverCrest Metals Inc. is headquartered in Vancouver, BC. “

A number of other research firms have also issued reports on SILV. BMO Capital Markets began coverage on SilverCrest Metals in a report on Wednesday, February 13th. They issued an “outperform” rating and a $3.63 target price for the company. Macquarie reaffirmed a “buy” rating on shares of SilverCrest Metals in a research note on Tuesday, February 26th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of SilverCrest Metals in a research note on Friday, April 26th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. SilverCrest Metals presently has an average rating of “Buy” and an average target price of $3.63.

SILV opened at $3.20 on Tuesday. SilverCrest Metals has a 12-month low of $1.66 and a 12-month high of $3.89.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arete Wealth Advisors LLC acquired a new position in shares of SilverCrest Metals in the fourth quarter worth $30,000. Raymond James & Associates acquired a new position in shares of SilverCrest Metals in the fourth quarter worth $39,000. Neuberger Berman Group LLC acquired a new position in shares of SilverCrest Metals in the third quarter worth $37,000. 9258 Wealth Management LLC acquired a new position in shares of SilverCrest Metals in the first quarter worth $66,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of SilverCrest Metals in the first quarter worth $131,000.

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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