SilverCrest Metals Inc. (NYSEAMERICAN:SILV - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $8.95 and last traded at $8.67, with a volume of 637732 shares. The stock had previously closed at $8.60.
Wall Street Analysts Forecast Growth
SILV has been the topic of a number of analyst reports. Scotiabank lifted their price objective on shares of SilverCrest Metals from $7.00 to $7.50 and gave the company a "sector outperform" rating in a research note on Monday, April 8th. Desjardins lowered SilverCrest Metals from a "buy" rating to a "hold" rating in a research report on Tuesday, March 12th.
Read Our Latest Stock Analysis on SILV
SilverCrest Metals Stock Performance
The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 11.77 and a beta of 1.22.
SilverCrest Metals (NYSEAMERICAN:SILV - Get Free Report) last released its earnings results on Monday, March 11th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. SilverCrest Metals had a net margin of 47.62% and a return on equity of 33.11%. The company had revenue of $61.32 million during the quarter. Research analysts anticipate that SilverCrest Metals Inc. will post 0.54 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SilverCrest Metals
A number of large investors have recently bought and sold shares of SILV. Anchor Investment Management LLC bought a new position in shares of SilverCrest Metals during the fourth quarter worth about $33,000. Principal Securities Inc. acquired a new stake in shares of SilverCrest Metals in the fourth quarter valued at approximately $33,000. WINTON GROUP Ltd bought a new stake in shares of SilverCrest Metals during the third quarter valued at approximately $61,000. Russell Investments Group Ltd. bought a new stake in shares of SilverCrest Metals during the fourth quarter valued at approximately $86,000. Finally, Rathbones Group PLC acquired a new position in shares of SilverCrest Metals during the third quarter worth approximately $140,000. Institutional investors own 44.75% of the company's stock.
SilverCrest Metals Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider SilverCrest Metals, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SilverCrest Metals wasn't on the list.
While SilverCrest Metals currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
