Desjardins Weighs in on SilverCrest Metals Inc.’s FY2025 Earnings (NYSE:SILV)

SilverCrest Metals Inc. (NYSE:SILV – Free Report) – Research analysts at Desjardins upped their FY2025 earnings per share (EPS) estimates for SilverCrest Metals in a research note issued to investors on Wednesday, August 7th. Desjardins analyst J. Sclodnick now expects that the company will earn $0.89 per share for the year, up from their prior forecast of $0.81. The consensus estimate for SilverCrest Metals’ current full-year earnings is $0.71 per share.

SilverCrest Metals (NYSE:SILV – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). SilverCrest Metals had a return on equity of 32.01% and a net margin of 49.21%. The business had revenue of $72.74 million during the quarter.

SILV has been the subject of several other research reports. Scotiabank raised their price target on SilverCrest Metals from $8.00 to $8.50 and gave the company a “sector perform” rating in a report on Tuesday, July 16th. Stifel Nicolaus upped their price target on shares of SilverCrest Metals from $9.75 to $11.25 and gave the company a “buy” rating in a research note on Wednesday, May 15th.

View Our Latest Analysis on SilverCrest Metals

SilverCrest Metals Stock Performance

Shares of SILV traded up $0.16 during midday trading on Friday, hitting $7.84. 1,908,465 shares of the company traded hands, compared to its average volume of 1,515,491. The stock has a market cap of $1.16 billion, a PE ratio of 9.45 and a beta of 1.20. The firm has a 50 day simple moving average of $8.69. SilverCrest Metals has a 52 week low of $4.26 and a 52 week high of $10.27.

Institutional Investors Weigh In On SilverCrest Metals

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its holdings in shares of SilverCrest Metals by 3.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 89,419 shares of the company’s stock worth $729,000 after acquiring an additional 2,744 shares during the last quarter. Mather Group LLC. bought a new stake in SilverCrest Metals in the second quarter worth about $28,000. B. Riley Wealth Advisors Inc. grew its stake in shares of SilverCrest Metals by 12.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 63,990 shares of the company’s stock valued at $426,000 after buying an additional 7,000 shares during the last quarter. Perritt Capital Management Inc. purchased a new stake in shares of SilverCrest Metals in the first quarter worth approximately $52,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of SilverCrest Metals by 6.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 139,726 shares of the company’s stock worth $1,139,000 after buying an additional 8,182 shares during the period. 44.75% of the stock is currently owned by hedge funds and other institutional investors.

About SilverCrest Metals

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SilverCrest Metals Inc focuses on the acquisition, exploration, advancement and development of base mineral and precious metals properties primarily in Mexico. The company’s properties consist of Las Chispas property. SilverCrest Metals Inc is headquartered in Vancouver, BC.