RBC Capital Downgrades SilverCrest Metals to Sector Perform, Lowers Price Target to C$7.5
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Michael Siperco has downgraded SilverCrest Metals from Outperform to Sector Perform and lowered the price target from C$12 to C$7.5.
August 04, 2023 | 10:52 am
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SilverCrest Metals has been downgraded by RBC Capital from Outperform to Sector Perform, with a lowered price target from C$12 to C$7.5.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for SilverCrest Metals. The lowered price target from C$12 to C$7.5 also suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100