SilverCrest Metals (NYSEAMERICAN:SILV) Shares Gap Down to $7.90

SilverCrest Metals Inc. (NYSEAMERICAN:SILV - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $7.90, but opened at $7.62. SilverCrest Metals shares last traded at $7.64, with a volume of 550,414 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SILV shares. Scotiabank increased their price objective on SilverCrest Metals from $7.00 to $7.50 and gave the company a "sector outperform" rating in a report on Monday, April 8th. Desjardins downgraded SilverCrest Metals from a "buy" rating to a "hold" rating in a report on Tuesday, March 12th.

SilverCrest Metals Stock Down 5.2 %

The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.60 and a beta of 1.31.

SilverCrest Metals (NYSEAMERICAN:SILV - Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.09. The business had revenue of $61.32 million during the quarter. SilverCrest Metals had a return on equity of 33.11% and a net margin of 47.62%. On average, equities research analysts anticipate that SilverCrest Metals Inc. will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd bought a new stake in shares of SilverCrest Metals during the third quarter worth about $61,000. Invesco Ltd. boosted its holdings in SilverCrest Metals by 0.9% in the third quarter. Invesco Ltd. now owns 4,732,026 shares of the company's stock valued at $20,868,000 after acquiring an additional 42,589 shares during the last quarter. Rathbones Group PLC bought a new stake in SilverCrest Metals in the third quarter valued at approximately $140,000. Sprott Inc. boosted its holdings in SilverCrest Metals by 8.4% in the third quarter. Sprott Inc. now owns 9,347,721 shares of the company's stock valued at $44,618,000 after acquiring an additional 722,417 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new stake in SilverCrest Metals in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 44.75% of the company's stock.

About SilverCrest Metals

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.