Analysts Offer Predictions for SilverCrest Metals Inc.’s Q3 2022 Earnings (NYSEMKT:SILV)

SilverCrest Metals Inc. (NYSEMKT:SILVGet Rating) – Investment analysts at Raymond James lowered their Q3 2022 EPS estimates for SilverCrest Metals in a note issued to investors on Wednesday, June 22nd. Raymond James analyst C. Stanley now expects that the company will earn $0.01 per share for the quarter, down from their prior forecast of $0.06. The consensus estimate for SilverCrest Metals’ current full-year earnings is $0.07 per share. Raymond James also issued estimates for SilverCrest Metals’ Q4 2022 earnings at $0.26 EPS, Q3 2023 earnings at $0.22 EPS and FY2023 earnings at $0.86 EPS.

Separately, Stifel Nicolaus upped their price objective on shares of SilverCrest Metals from C$15.25 to C$16.00 in a report on Wednesday, April 27th.

Shares of SILV opened at $6.68 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 15.79 and a quick ratio of 15.79. The firm has a 50-day moving average price of $7.50 and a 200-day moving average price of $8.04. The stock has a market capitalization of $974.75 million, a price-to-earnings ratio of -51.38 and a beta of 1.00.

SilverCrest Metals (NYSEMKT:SILVGet Rating) last issued its earnings results on Friday, March 25th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sprott Inc. boosted its stake in SilverCrest Metals by 4.2% during the first quarter. Sprott Inc. now owns 7,747,374 shares of the company’s stock worth $69,015,000 after buying an additional 315,462 shares during the period. Invesco Ltd. boosted its stake in SilverCrest Metals by 8.1% during the fourth quarter. Invesco Ltd. now owns 3,418,800 shares of the company’s stock worth $27,042,000 after buying an additional 256,600 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in SilverCrest Metals by 4.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,127,030 shares of the company’s stock worth $27,889,000 after buying an additional 128,613 shares during the period. Sun Valley Gold LLC boosted its stake in SilverCrest Metals by 81.1% during the first quarter. Sun Valley Gold LLC now owns 2,883,535 shares of the company’s stock worth $25,696,000 after buying an additional 1,291,251 shares during the period. Finally, TD Asset Management Inc. boosted its stake in SilverCrest Metals by 285.9% during the first quarter. TD Asset Management Inc. now owns 1,915,865 shares of the company’s stock worth $17,087,000 after buying an additional 1,419,421 shares during the period. 40.02% of the stock is owned by hedge funds and other institutional investors.

About SilverCrest Metals (Get Rating)

SilverCrest Metals Inc explores for and develops precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its principal property includes the Las Chispas project that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico.

Further Reading

Earnings History and Estimates for SilverCrest Metals (NYSEMKT:SILV)

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