Equities Analysts Issue Forecasts for SilverCrest Metals Inc.’s Q1 2024 Earnings (NYSEMKT:SILV)

SilverCrest Metals Inc. (NYSEMKT:SILV) – Desjardins issued their Q1 2024 earnings per share estimates for SilverCrest Metals in a research report issued to clients and investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick anticipates that the company will post earnings of $0.17 per share for the quarter. The consensus estimate for SilverCrest Metals’ current full-year earnings is $0.67 per share.

Separately, Scotiabank upped their price target on SilverCrest Metals from $7.00 to $7.50 and gave the company a “sector outperform” rating in a research report on Monday, April 8th.

SilverCrest Metals Stock Performance

SILV stock opened at $8.15 on Thursday. The stock has a fifty day simple moving average of $6.31 and a two-hundred day simple moving average of $5.95. The stock has a market capitalization of $1.20 billion, a PE ratio of 10.45 and a beta of 1.32.

Institutional Trading of SilverCrest Metals

A hedge fund recently raised its stake in SilverCrest Metals stock. U S Global Investors Inc. raised its holdings in SilverCrest Metals Inc. (NYSEMKT:SILV) by 138.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 680,600 shares of the company’s stock after acquiring an additional 395,600 shares during the period. U S Global Investors Inc. owned approximately 0.46% of SilverCrest Metals worth $4,535,000 at the end of the most recent reporting period. 44.75% of the stock is owned by institutional investors and hedge funds.

SilverCrest Metals Company Profile

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.