SilverCrest Metals (NYSEAMERICAN:SILV) Reaches New 12-Month High at $8.68

SilverCrest Metals Inc. (NYSEAMERICAN:SILV) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.68 and last traded at $8.55, with a volume of 258813 shares changing hands. The stock had previously closed at $8.31.

Analyst Ratings Changes

Several research firms have weighed in on SILV. Desjardins downgraded shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Scotiabank raised their target price on SilverCrest Metals from $7.00 to $7.50 and gave the stock a “sector outperform” rating in a report on Monday, April 8th.

SilverCrest Metals Trading Down 0.8 %

The company has a market capitalization of $1.23 billion, a P/E ratio of 10.68 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILV) last announced its quarterly earnings data on Monday, March 11th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.15 by $0.09. SilverCrest Metals had a net margin of 47.62% and a return on equity of 33.11%. The firm had revenue of $61.32 million for the quarter. On average, equities analysts forecast that SilverCrest Metals Inc. will post 0.54 earnings per share for the current year.

Institutional Trading of SilverCrest Metals

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Anchor Investment Management LLC purchased a new stake in SilverCrest Metals during the 4th quarter valued at approximately $33,000. Principal Securities Inc. bought a new position in shares of SilverCrest Metals during the fourth quarter worth $33,000. Russell Investments Group Ltd. bought a new position in shares of SilverCrest Metals during the fourth quarter worth $86,000. WINTON GROUP Ltd purchased a new position in SilverCrest Metals during the third quarter valued at $61,000. Finally, Cutler Group LLC CA increased its holdings in SilverCrest Metals by 63.8% in the 4th quarter. Cutler Group LLC CA now owns 22,545 shares of the company’s stock valued at $147,000 after acquiring an additional 8,785 shares during the last quarter. Institutional investors own 44.75% of the company’s stock.

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.