SilverCrest Metals (NYSEAMERICAN:SILV) Shares Gap Up to $7.68

SilverCrest Metals Inc. (NYSEAMERICAN:SILV)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $7.68, but opened at $7.90. SilverCrest Metals shares last traded at $7.83, with a volume of 95,694 shares.

SilverCrest Metals Stock Performance

The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 9.85 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILV) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). The firm had revenue of $72.74 million for the quarter. SilverCrest Metals had a net margin of 47.62% and a return on equity of 33.11%. As a group, equities analysts predict that SilverCrest Metals Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SilverCrest Metals

Several institutional investors have recently modified their holdings of SILV. Hillsdale Investment Management Inc. bought a new position in SilverCrest Metals in the 4th quarter worth $6,799,000. CIBC Asset Management Inc raised its position in shares of SilverCrest Metals by 1.7% during the fourth quarter. CIBC Asset Management Inc now owns 189,825 shares of the company’s stock valued at $1,249,000 after buying an additional 3,186 shares during the last quarter. Versor Investments LP lifted its holdings in shares of SilverCrest Metals by 20.5% in the fourth quarter. Versor Investments LP now owns 31,700 shares of the company’s stock worth $208,000 after buying an additional 5,400 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of SilverCrest Metals in the fourth quarter worth about $86,000. Finally, Principal Securities Inc. bought a new stake in SilverCrest Metals during the fourth quarter worth approximately $33,000. 44.75% of the stock is owned by hedge funds and other institutional investors.

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.