SilverCrest Metals (NYSEAMERICAN:SILV) Sets New 52-Week High at $7.76

SilverCrest Metals Inc. (NYSEAMERICAN:SILV) shares hit a new 52-week high on Friday . The stock traded as high as $7.76 and last traded at $7.74, with a volume of 357993 shares changing hands. The stock had previously closed at $7.57.

Analyst Ratings Changes

A number of equities analysts have issued reports on SILV shares. Scotiabank boosted their price objective on shares of SilverCrest Metals from $7.00 to $7.50 and gave the company a “sector outperform” rating in a research report on Monday, April 8th. Desjardins cut SilverCrest Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th.

SilverCrest Metals Stock Up 3.0 %

The company has a market cap of $1.15 billion, a PE ratio of 9.74 and a beta of 1.32.

SilverCrest Metals (NYSEAMERICAN:SILV) last issued its quarterly earnings data on Monday, March 11th. The company reported $0.24 EPS for the quarter, topping 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 business had revenue of $61.32 million during the quarter. As a group, analysts anticipate that SilverCrest Metals Inc. will post 0.46 EPS for the current fiscal year.

Institutional Trading of SilverCrest Metals

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of SilverCrest Metals during the fourth quarter valued at approximately $151,000. Nuveen Asset Management LLC bought a new position in SilverCrest Metals during the 4th quarter valued at approximately $723,000. Gotham Asset Management LLC raised its stake in SilverCrest Metals by 31.1% during the fourth quarter. Gotham Asset Management LLC now owns 71,068 shares of the company’s stock valued at $465,000 after buying an additional 16,849 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in SilverCrest Metals by 178.0% during the fourth quarter. Cubist Systematic Strategies LLC now owns 39,326 shares of the company’s stock valued at $258,000 after buying an additional 25,178 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in SilverCrest Metals by 1.7% in the fourth quarter. CIBC Asset Management Inc now owns 189,825 shares of the company’s stock worth $1,249,000 after acquiring an additional 3,186 shares in the last quarter. Institutional investors own 44.75% of the company’s stock.

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.