SilverCrest Metals Inc. (NYSEAMERICAN:SILV) Short Interest Down 17.1% in April

SilverCrest Metals Inc. (NYSEAMERICAN:SILV - Get Free Report) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 10,000,000 shares, a decrease of 17.1% from the April 15th total of 12,070,000 shares. Currently, 7.0% of the company's stock are sold short. Based on an average daily volume of 1,660,000 shares, the days-to-cover ratio is presently 6.0 days.

Analysts Set New Price Targets

SILV has been the subject of several research analyst reports. Scotiabank increased their target price on 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 downgraded shares of SilverCrest Metals from a "buy" rating to a "hold" rating in a research note on Tuesday, March 12th.

Institutional Trading of SilverCrest Metals

Several institutional investors have recently modified their holdings of SILV. Hillsdale Investment Management Inc. bought a new stake in SilverCrest Metals during the fourth quarter worth approximately $6,799,000. Sprott Inc. boosted its stake in shares of SilverCrest Metals by 8.4% during the 3rd quarter. Sprott Inc. now owns 9,347,721 shares of the company's stock worth $44,618,000 after acquiring an additional 722,417 shares in the last quarter. U S Global Investors Inc. grew its holdings in shares of SilverCrest Metals by 418.2% in the 4th quarter. U S Global Investors Inc. now owns 285,000 shares of the company's stock worth $1,870,000 after acquiring an additional 230,000 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of SilverCrest Metals by 28.4% during the fourth quarter. Mackenzie Financial Corp now owns 1,032,594 shares of the company's stock worth $6,775,000 after purchasing an additional 228,642 shares during the period. Finally, Triasima Portfolio Management inc. purchased a new stake in shares of SilverCrest Metals during the fourth quarter valued at $1,440,000. Institutional investors and hedge funds own 44.75% of the company's stock.

SilverCrest Metals Trading Down 0.8 %

Shares of NYSEAMERICAN SILV traded down $0.07 during midday trading on Monday, hitting $8.42. 1,159,264 shares of the company's stock were exchanged, compared to its average volume of 1,478,840. SilverCrest Metals has a twelve month low of $4.16 and a twelve month high of $8.75. The company has a market cap of $1.24 billion, a PE ratio of 10.78 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILV - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $61.32 million during the quarter. SilverCrest Metals had a net margin of 47.62% and a return on equity of 33.11%. Sell-side analysts forecast that SilverCrest Metals will post 0.54 earnings per share for the current fiscal year.

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.