SilverCrest Metals Inc. (NYSEMKT:SILV) to Post Q1 2024 Earnings of $0.17 Per Share, Desjardins Forecasts

SilverCrest Metals Inc. (NYSEMKT:SILV) – Analysts at Desjardins issued their Q1 2024 earnings estimates for SilverCrest Metals in a research report issued on Tuesday, April 23rd. Desjardins analyst J. Sclodnick expects that the company will post earnings per share of $0.17 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 stock a “sector outperform” rating in a research report on Monday, April 8th.

SilverCrest Metals Price Performance

Shares of SILV stock opened at $8.15 on Thursday. The business’s 50-day moving average is $6.31 and its two-hundred day moving average is $5.95. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.45 and a beta of 1.32.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SilverCrest Metals stock. U S Global Investors Inc. grew its stake in SilverCrest Metals Inc. (NYSEMKT:SILV) by 138.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 680,600 shares of the company’s stock after acquiring an additional 395,600 shares during the quarter. U S Global Investors Inc. owned 0.46% of SilverCrest Metals worth $4,535,000 at the end of the most recent quarter. 44.75% of the stock is owned by hedge funds and other institutional investors.

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.