SilverCrest Metals Inc. (NYSEAMERICAN:SILV – Get Free Report)’s share price was up 0.9% on Friday . The company traded as high as $9.28 and last traded at $9.15. Approximately 827,532 shares were traded during trading, a decline of 45% from the average daily volume of 1,497,068 shares. The stock had previously closed at $9.06.
Wall Street Analyst Weigh In
Separately, Scotiabank raised their target price on SilverCrest Metals from $7.00 to $7.50 and gave the company a “sector outperform” rating in a research report on Monday, April 8th.
Check Out Our Latest Analysis on SILV
SilverCrest Metals Price Performance
The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 11.72 and a beta of 1.22.
SilverCrest Metals (NYSEAMERICAN:SILV – Get Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.11. The business had revenue of $63.65 million during the quarter. SilverCrest Metals had a return on equity of 33.11% and a net margin of 47.62%. On average, equities research analysts expect that SilverCrest Metals Inc. will post 0.54 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Cutler Group LLC CA raised its stake in shares of SilverCrest Metals by 63.8% in the fourth quarter. Cutler Group LLC CA now owns 22,545 shares of the company’s stock valued at $147,000 after purchasing an additional 8,785 shares in the last quarter. U S Global Investors Inc. lifted its holdings in shares of SilverCrest Metals by 418.2% during the fourth quarter. U S Global Investors Inc. now owns 285,000 shares of the company’s stock valued at $1,870,000 after acquiring an additional 230,000 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in SilverCrest Metals by 2.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,739,485 shares of the company’s stock valued at $24,644,000 after purchasing an additional 85,060 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in SilverCrest Metals in the fourth quarter valued at about $1,440,000. Finally, Mackenzie Financial Corp grew its stake in SilverCrest Metals by 28.4% during the fourth quarter. Mackenzie Financial Corp now owns 1,032,594 shares of the company’s stock worth $6,775,000 after buying an additional 228,642 shares during the last quarter. 44.75% of the stock is currently owned by institutional investors and hedge funds.
SilverCrest Metals Company Profile
SilverCrest Metals Inc engages in the acquiring, exploration, and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its focuses on principal property the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico, as well as operates a portfolio of El Picacho, Cruz de Mayo, and Angel de Plata properties in Sonora Mexico.
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