Brokers Set Expectations for SilverCrest Metals Inc.’s Q1 2024 Earnings (NYSEMKT:SILV)

SilverCrest Metals Inc. (NYSEMKT:SILVFree Report) – Equities research analysts at Desjardins issued their Q1 2024 earnings per share (EPS) estimates for SilverCrest Metals in a note issued to investors on Tuesday, April 23rd. Desjardins analyst J. Sclodnick anticipates 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 raised their target price on SilverCrest Metals from $7.00 to $7.50 and gave the stock a “sector outperform” rating in a research note on Monday, April 8th.

View Our Latest Stock Analysis on SilverCrest Metals

SilverCrest Metals Stock Up 0.1 %

NYSEMKT SILV opened at $8.52 on Thursday. The business’s 50 day simple moving average is $6.43 and its 200 day simple moving average is $5.99. The firm has a market capitalization of $1.25 billion, a PE ratio of 10.92 and a beta of 1.32.

Institutional Investors Weigh In On SilverCrest Metals

An institutional investor recently raised its position in SilverCrest Metals stock. U S Global Investors Inc. raised its position in SilverCrest Metals Inc. (NYSEMKT:SILVFree Report) by 138.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 680,600 shares of the company’s stock after acquiring an additional 395,600 shares during the period. U S Global Investors Inc. owned approximately 0.46% of SilverCrest Metals worth $4,535,000 as of its most recent filing with the SEC. 44.75% of the stock is owned by institutional investors.

SilverCrest Metals Company Profile

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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.

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