SilverCrest Metals Inc. (NYSEMKT:SILV – Free Report) – Analysts at Desjardins issued their Q1 2024 earnings estimates for shares of SilverCrest Metals in a research report issued to clients and investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick forecasts 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 boosted their target price on shares of SilverCrest Metals from $7.00 to $7.50 and gave the company a “sector outperform” rating in a research note on Monday, April 8th.
SilverCrest Metals Price Performance
Shares of NYSEMKT:SILV opened at $8.51 on Thursday. The firm has a 50 day moving average price of $6.37 and a two-hundred day moving average price of $5.97. The firm has a market cap of $1.25 billion, a P/E ratio of 10.91 and a beta of 1.32.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in SilverCrest Metals stock. U S Global Investors Inc. lifted its holdings in SilverCrest Metals Inc. (NYSEMKT:SILV – Free Report) by 138.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 680,600 shares of the company’s stock after buying an additional 395,600 shares during the quarter. U S Global Investors Inc. owned about 0.46% of SilverCrest Metals worth $4,535,000 at the end of the most recent quarter. 44.75% of the stock is currently owned by institutional investors and hedge funds.
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.
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