SilverCrest Metals Inc. Forecasted to Earn Q1 2024 Earnings of $0.12 Per Share (NYSEMKT:SILV)

SilverCrest Metals Inc. (NYSEMKT:SILV) – Equities research analysts at Cormark issued their Q1 2024 earnings per share (EPS) estimates for SilverCrest Metals in a research note issued on Monday, April 22nd. Cormark analyst N. Dion expects that the company will earn $0.12 per share for the quarter. The consensus estimate for SilverCrest Metals’ current full-year earnings is $0.67 per share.

Separately, Scotiabank increased their target price on 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 Trading Up 4.0 %

SilverCrest Metals stock opened at $8.15 on Tuesday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 10.45 and a beta of 1.32. The firm has a 50 day moving average price of $6.31 and a 200 day moving average price of $5.95.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SilverCrest Metals stock. U S Global Investors Inc. boosted its position in SilverCrest Metals Inc. (NYSEMKT:SILV) by 138.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.