SilverCrest Metals (NYSEAMERICAN:SILV) Hits New 52-Week High at $8.68

SilverCrest Metals Inc. (NYSEAMERICAN:SILV)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $8.68 and last traded at $8.55, with a volume of 258813 shares traded. The stock had previously closed at $8.31.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Scotiabank lifted their target price on SilverCrest Metals from $7.00 to $7.50 and gave the stock a “sector outperform” rating in a research report on Monday, April 8th. Desjardins lowered shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th.

SilverCrest Metals Stock Down 0.8 %

The company has a market cap of $1.23 billion, a PE ratio of 10.68 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILV) last released its quarterly earnings results on Monday, March 11th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. SilverCrest Metals had a net margin of 47.62% and a return on equity of 33.11%. The business had revenue of $61.32 million for the quarter. As a group, sell-side analysts predict that SilverCrest Metals Inc. will post 0.54 EPS for the current year.

Institutional Trading of SilverCrest Metals

A number of institutional investors have recently bought and sold shares of SILV. Anchor Investment Management LLC acquired a new position in shares of SilverCrest Metals during the 4th quarter worth $33,000. Principal Securities Inc. acquired a new position in SilverCrest Metals during the 4th quarter valued at $33,000. Russell Investments Group Ltd. bought a new stake in shares of SilverCrest Metals in the fourth quarter valued at about $86,000. WINTON GROUP Ltd acquired a new stake in shares of SilverCrest Metals during the 3rd quarter worth approximately $61,000. Finally, Cutler Group LLC CA increased its position in shares of SilverCrest Metals by 63.8% during the fourth quarter. Cutler Group LLC CA now owns 22,545 shares of the company’s stock valued at $147,000 after purchasing an additional 8,785 shares during the period. Institutional investors and hedge funds own 44.75% of the company’s stock.

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.