SilverCrest Metals (NYSEAMERICAN:SILV) Hits New 1-Year High at $8.25

SilverCrest Metals Inc. (NYSEAMERICAN:SILV) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $8.25 and last traded at $8.25, with a volume of 19840 shares traded. The stock had previously closed at $8.15.

Analyst Ratings Changes

SILV has been the subject of several research reports. Scotiabank lifted 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 note on Monday, April 8th. Desjardins downgraded shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th.

SilverCrest Metals Trading Up 0.2 %

The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.91 and a beta of 1.32.

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

Institutional Trading of SilverCrest Metals

Large investors have recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in SilverCrest Metals during the 4th quarter valued at about $33,000. Principal Securities Inc. purchased a new stake in shares of SilverCrest Metals in the fourth quarter valued at approximately $33,000. WINTON GROUP Ltd acquired a new stake in shares of SilverCrest Metals in the third quarter valued at approximately $61,000. Russell Investments Group Ltd. purchased a new position in SilverCrest Metals during the fourth quarter worth approximately $86,000. Finally, Rathbones Group PLC acquired a new position in SilverCrest Metals during the third quarter worth $140,000. 44.75% of the stock is currently owned by hedge funds and other 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.