The Globe and Mail reports in its Thursday, May 16, edition that Stifel analyst Stephen Soock has reaffirmed his "hold" recommendation for Silvercrest Metals. The Globe's David Leeder writes in the Eye On Equities column that Mr. Soock boosted his share target to $11.25, which is four cents below the consensus, from $9.75. Mr. Soock says in a note: "Silvercrest Metals delivered another strong operational quarter supported by high grades. Cash and equivalents stood at $91.1-million on March 31, building a rapidly growing treasury to fund inorganic growth. Management plans to upgrade 10Moz AgEq near planned underground development through the infill drill program (we model 24Moz AgEq at 687 g/t added to reserves over the LOM). In our view, an in-line operational quarter supports expectations of strong FCF generation going forward, driving the ongoing momentum in the stock. We model the company generating $210-million in FCF over the next three years at spot prices. We are increasing our target P/NAV multiple to an uncomfortable 1.6 times and raising our target price. ... We expect Silvercrest Metals to use its extremely strong paper and balance sheet to execute on smart, accretive M&A to justify this multiple."