SilverCrest Metals Inc. (TSE:SIL) to Post Q1 2024 Earnings of $0.16 Per Share, Cormark Forecasts

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SilverCrest Metals Inc. (TSE:SIL - Free Report) - Cormark issued their Q1 2024 earnings per share estimates for shares of SilverCrest Metals in a report released on Monday, April 22nd. Cormark analyst N. Dion forecasts that the company will earn $0.16 per share for the quarter. The consensus estimate for SilverCrest Metals' current full-year earnings is $0.56 per share.

Separately, Desjardins cut SilverCrest Metals from a "buy" rating to a "hold" rating in a research report on Monday, March 11th.

Check Out Our Latest Analysis on SIL

SilverCrest Metals Stock Up 4.0 %

Shares of SIL traded up C$0.41 during trading hours on Tuesday, hitting C$10.69. 350,933 shares of the company were exchanged, compared to its average volume of 277,969. The company has a market cap of C$1.57 billion, a PE ratio of 9.52 and a beta of 1.12. The firm's 50 day moving average is C$8.49 and its 200-day moving average is C$8.03. SilverCrest Metals has a 52 week low of C$5.54 and a 52 week high of C$10.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 9.14 and a current ratio of 3.45.

SilverCrest Metals (TSE:SIL - Get Free Report) last released its quarterly earnings results on Monday, March 11th. The company reported C$0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.20 by C$0.13. The company had revenue of C$83.49 million during the quarter. SilverCrest Metals had a return on equity of 34.36% and a net margin of 47.62%.


SilverCrest Metals Company Profile

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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.

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