SilverCrest Metals’ (NASDAQ:SILV) Buy Rating Reiterated at Macquarie

SilverCrest Metals (NASDAQ:SILV)‘s stock had its “buy” rating reiterated by analysts at Macquarie in a research report issued to clients and investors on Tuesday, February 26th.

SILV has been the subject of a number of other research reports. Zacks Investment Research raised shares of SilverCrest Metals from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Beacon Securities reissued a “buy” rating on shares of SilverCrest Metals in a research note on Thursday, January 10th. Finally, BMO Capital Markets started coverage on shares of SilverCrest Metals in a research note on Wednesday, February 13th. They issued an “outperform” rating and a $3.63 price target on the stock. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. SilverCrest Metals presently has an average rating of “Buy” and a consensus price target of $3.63.

NASDAQ:SILV traded up $0.02 during mid-day trading on Tuesday, hitting $3.60. 37,921 shares of the stock traded hands, compared to its average volume of 83,632. SilverCrest Metals has a 52 week low of $1.58 and a 52 week high of $3.89.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arete Wealth Advisors LLC purchased a new position in SilverCrest Metals during the 4th quarter valued at about $30,000. Raymond James & Associates acquired a new stake in shares of SilverCrest Metals in the fourth quarter valued at approximately $39,000. Neuberger Berman Group LLC acquired a new stake in shares of SilverCrest Metals in the third quarter valued at approximately $37,000. Fiera Capital Corp acquired a new stake in shares of SilverCrest Metals in the fourth quarter valued at approximately $132,000. Finally, Oppenheimer & Close LLC acquired a new stake in shares of SilverCrest Metals in the third quarter valued at approximately $501,000.

About SilverCrest Metals

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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