The Globe and Mail reports in its Thursday, June 3, edition that RBC analysts Wayne Lam and Michael Siperco rate Silvercrest Metals ($12.06) "outperform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Lam and Mr. Siperco set a share target of $14. Analysts on average target the shares at $15.28.
Mr. Siperco says in a note: "Construction at Las Chispas is ahead of schedule, and we are focused on value-creating opportunities beyond the 2021 feasibility study (FS). The project has been significantly derisked and the ramp-up plan for 2H22 is conservative and achievable. With exploration/optimization ongoing, we see strong potential for resource, and eventual production growth as supporting the premium valuation." The Globe's Andrew Willis suggested Silvercrest was a potential takeover target on Jan. 27 when the shares could be had for $9. The Globe reported on March 12 that Desjardins analyst David Stewart began coverage on Silvercrest with a "buy" rating. The shares were then trading at $7.30. The Globe reported on Sept. 25 that Raymond James analyst Craig Stanley had raised Silvercrest Metals to "outperform" from "market perform." The shares could then be had for $11.26.
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