SilverCrest Metals (NYSE:SILV) Issues Earnings Results

SilverCrest Metals (NYSE:SILV) posted its quarterly earnings results on Wednesday. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13), Zacks reports. SilverCrest Metals had a net margin of 49.21% and a return on equity of 32.01%. The company had revenue of $72.74 million for the quarter.

SilverCrest Metals Price Performance

SILV stock traded up $0.16 during trading on Friday, reaching $7.84. 1,908,465 shares of the stock were exchanged, compared to its average volume of 1,515,491. SilverCrest Metals has a twelve month low of $4.26 and a twelve month high of $10.27. The firm has a market capitalization of $1.16 billion, a P/E ratio of 9.45 and a beta of 1.20. The business’s 50 day simple moving average is $8.69.

Wall Street Analysts Forecast Growth

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

About SilverCrest Metals

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.