SilverCrest Metals (SIL) Set to Announce Earnings on Wednesday

SilverCrest Metals (TSE:SIL) will be releasing its earnings data after the market closes on Wednesday, August 7th. Analysts expect SilverCrest Metals to post earnings of C$0.22 per share for the quarter.

SilverCrest Metals (TSE:SIL) last released its quarterly earnings data on Tuesday, May 14th. The company reported C$0.31 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.14. SilverCrest Metals had a net margin of 49.21% and a return on equity of 33.24%. The firm had revenue of C$85.80 million for the quarter.

SilverCrest Metals Stock Down 4.3 %

SilverCrest Metals stock opened at C$12.20 on Tuesday. SilverCrest Metals has a 1-year low of C$5.73 and a 1-year high of C$14.04. The firm has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 10.61 and a beta of 1.07. The firm’s fifty day moving average price is C$12.05 and its two-hundred day moving average price is C$10.18. The company has a current ratio of 6.51, a quick ratio of 9.14 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Scotiabank lowered shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 23rd. BMO Capital Markets downgraded shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, July 15th.

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.