SilverCrest Metals (TSE:SIL) Trading Up 4.7%

Shares of SilverCrest Metals Inc. (TSE:SIL) traded up 4.7% during trading on Thursday . The stock traded as high as C$10.43 and last traded at C$10.27. 108,039 shares were traded during mid-day trading, a decline of 60% from the average session volume of 268,744 shares. The stock had previously closed at C$9.81.

Wall Street Analysts Forecast Growth

Separately, Desjardins cut SilverCrest Metals from a “buy” rating to a “hold” rating in a research report on Monday, March 11th.

SilverCrest Metals Stock Performance

The stock has a market capitalization of C$1.52 billion, a P/E ratio of 9.55 and a beta of 1.12. The firm has a 50-day moving average of C$8.31 and a 200 day moving average of C$7.92. The company has a quick ratio of 9.14, a current ratio of 3.45 and a debt-to-equity ratio of 0.07.

SilverCrest Metals (TSE:SIL) last issued its earnings results on Monday, March 11th. The company reported C$0.33 EPS for the quarter, topping the consensus estimate of C$0.20 by C$0.13. SilverCrest Metals had a return on equity of 34.36% and a net margin of 47.62%. The firm had revenue of C$83.49 million during the quarter. Research analysts anticipate that SilverCrest Metals Inc. will post 0.5574324 EPS for the current fiscal year.

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.