FY2024 Earnings Forecast for SilverCrest Metals Inc. Issued By Raymond James (NYSE:SILV)

SilverCrest Metals Inc. (NYSE:SILV) – Raymond James lowered their FY2024 earnings per share estimates for shares of SilverCrest Metals in a research report issued on Monday, September 23rd. Raymond James analyst C. Stanley now forecasts that the company will post earnings per share of $0.62 for the year, down from their previous estimate of $0.72. The consensus estimate for SilverCrest Metals’ current full-year earnings is $0.64 per share. Raymond James also issued estimates for SilverCrest Metals’ FY2025 earnings at $0.66 EPS.

Separately, Scotiabank upped their target price on shares of SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th.

SilverCrest Metals Trading Up 0.9 %

Shares of NYSE:SILV opened at $9.79 on Thursday. SilverCrest Metals has a 52-week low of $4.26 and a 52-week high of $10.27. The business has a 50 day moving average price of $8.71. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.80 and a beta of 1.22.

SilverCrest Metals (NYSE:SILV) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). The company had revenue of $72.74 million during the quarter. SilverCrest Metals had a net margin of 40.61% and a return on equity of 25.66%.

Institutional Trading of SilverCrest Metals

Institutional investors and hedge funds have recently modified their holdings of the business. Toronto Dominion Bank boosted its stake in SilverCrest Metals by 40.7% in the second quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock valued at $35,000 after acquiring an additional 1,225 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of SilverCrest Metals by 3.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 89,419 shares of the company’s stock worth $729,000 after purchasing an additional 2,744 shares during the period. Mather Group LLC. purchased a new position in SilverCrest Metals in the second quarter valued at approximately $28,000. NewEdge Advisors LLC grew its holdings in SilverCrest Metals by 3.5% during the second quarter. NewEdge Advisors LLC now owns 145,375 shares of the company’s stock valued at $1,185,000 after purchasing an additional 4,957 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its position in SilverCrest Metals by 12.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 63,990 shares of the company’s stock worth $426,000 after buying an additional 7,000 shares during the last quarter. 44.75% of the stock is owned by hedge funds and other institutional investors.

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.