SilverCrest Metals (TSE:SIL) Shares Up 4.7%

SilverCrest Metals Inc. (TSE:SIL) was up 4.7% during trading on Thursday . The stock traded as high as C$10.43 and last traded at C$10.27. Approximately 108,039 shares changed hands during trading, a decline of 60% from the average daily volume of 268,744 shares. The stock had previously closed at C$9.81.

Wall Street Analysts Forecast Growth

Separately, Desjardins cut shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

SilverCrest Metals Stock Performance

The firm’s fifty day moving average price is C$8.31 and its 200-day moving average price is C$7.92. The company has a current ratio of 3.45, a quick ratio of 9.14 and a debt-to-equity ratio of 0.07. The firm has a market cap of C$1.52 billion, a price-to-earnings ratio of 9.55 and a beta of 1.12.

SilverCrest Metals (TSE:SIL) last announced its quarterly earnings results on Monday, March 11th. The company reported C$0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.13. The business had revenue of C$83.49 million during the quarter. SilverCrest Metals had a net margin of 47.62% and a return on equity of 34.36%. Analysts expect that SilverCrest Metals Inc. will post 0.5574324 earnings per share for the current year.

About SilverCrest Metals

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.