SilverCrest Metals reinstated with an Outperform at BMO Capital

BMO Capital analyst Kevin O’Halloran reinstated coverage of SilverCrest Metals with an Outperform rating and C$8.25 price target. The firm sees a relatively low-risk production profile at Las Chispas, facilitating consistent cash flows averaging C$86M per year. SilverCrest has a debt-free balance sheet, and the company is one of very few high-quality single-asset silver producers, the analyst tells investors in a research note.