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

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Desjardins cut SilverCrest Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Scotiabank boosted their price objective 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

The firm has a market capitalization of $1.24 billion, a PE ratio of 10.65 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILV) last posted its earnings results on Monday, March 11th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.09. The company had revenue of $61.32 million during the quarter. SilverCrest Metals had a net margin of 47.62% and a return on equity of 33.11%. Equities analysts expect that SilverCrest Metals Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of SilverCrest Metals

Institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in SilverCrest Metals by 1.2% during the 4th quarter. Van ECK Associates Corp now owns 14,849,037 shares of the company’s stock worth $97,261,000 after purchasing an additional 178,950 shares during the last quarter. Sprott Inc. grew its holdings in SilverCrest Metals by 8.4% during the third quarter. Sprott Inc. now owns 9,347,721 shares of the company’s stock valued at $44,618,000 after purchasing an additional 722,417 shares during the period. Invesco Ltd. lifted its position in shares of SilverCrest Metals by 0.9% during the third quarter. Invesco Ltd. now owns 4,732,026 shares of the company’s stock worth $20,868,000 after acquiring an additional 42,589 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in SilverCrest Metals by 2.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,739,485 shares of the company’s stock worth $24,644,000 after purchasing an additional 85,060 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of SilverCrest Metals in the fourth quarter worth about $6,799,000. 44.75% of the stock is currently owned by institutional investors.

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.