SilverCrest Metals Inc. Expected to Post FY2024 Earnings of $0.69 Per Share (NYSE:SILV)

SilverCrest Metals Inc. (NYSE:SILV) – Research analysts at Cormark boosted their FY2024 EPS estimates for SilverCrest Metals in a note issued to investors on Monday, July 15th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $0.69 for the year, up from their previous forecast of $0.67. The consensus estimate for SilverCrest Metals’ current full-year earnings is $0.68 per share.

SilverCrest Metals (NYSE:SILV) last released its quarterly earnings data on Tuesday, May 14th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.11. SilverCrest Metals had a net margin of 49.21% and a return on equity of 32.01%. The company had revenue of $63.65 million during the quarter.

A number of other research analysts have also recently weighed in on the stock. Scotiabank lifted their price objective on shares of SilverCrest Metals from $8.00 to $8.50 and gave the company a “sector perform” rating in a report on Tuesday. Stifel Nicolaus lifted their price objective on shares of SilverCrest Metals from $9.75 to $11.25 and gave the company a “buy” rating in a report on Wednesday, May 15th.

SilverCrest Metals Stock Down 3.5 %

SILV opened at $9.82 on Tuesday. SilverCrest Metals has a fifty-two week low of $4.16 and a fifty-two week high of $10.27. The firm has a fifty day moving average price of $8.70. The stock has a market capitalization of $1.46 billion, a PE ratio of 11.83 and a beta of 1.20.

Institutional Trading of SilverCrest Metals

Institutional investors and hedge funds have recently modified their holdings of the stock. Mather Group LLC. acquired a new position in SilverCrest Metals during the second quarter worth about $28,000. Perritt Capital Management Inc. acquired a new position in SilverCrest Metals during the first quarter worth about $52,000. Fermata Advisors LLC acquired a new position in SilverCrest Metals during the second quarter worth about $99,000. Baader Bank Aktiengesellschaft acquired a new position in SilverCrest Metals during the second quarter worth about $213,000. Finally, Cambridge Trust Co. boosted its position in SilverCrest Metals by 225.5% during the first quarter. Cambridge Trust Co. now owns 28,257 shares of the company’s stock worth $188,000 after acquiring an additional 19,577 shares during the last quarter. Hedge funds and other institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Company Profile

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.