SilverCrest Metals (TSE:SIL) Shares Up 7.8% – Should You Buy?

SilverCrest Metals Inc. (TSE:SIL) was up 7.8% on Thursday . The stock traded as high as C$15.93 and last traded at C$15.84. Approximately 207,860 shares were traded during trading, an increase of 37% from the average daily volume of 152,015 shares. The stock had previously closed at C$14.70.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts cut SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th.

SilverCrest Metals Stock Performance

The business has a fifty day moving average price of C$14.25 and a 200-day moving average price of C$13.36. The stock has a market capitalization of C$2.26 billion, a P/E ratio of 15.54 and a beta of 1.18. The company has a quick ratio of 9.14, a current ratio of 5.87 and a debt-to-equity ratio of 0.12.

SilverCrest Metals (TSE:SIL) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.24. SilverCrest Metals had a net margin of 40.61% and a return on equity of 26.79%. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, sell-side analysts expect that SilverCrest Metals Inc. will post 0.9510067 EPS for the current year.

SilverCrest Metals Company Profile

SilverCrest is a Canadian precious metals producer headquartered in Vancouver, BC, with an ongoing initiative to increase its asset base by expanding current resources and reserves, acquiring, discovering and developing high value precious metals projects and ultimately operating multiple silver-gold mines in the Americas.