SilverCrest Metals (TSE:SIL) Trading 2.5% Higher

SilverCrest Metals Inc. (TSE:SIL)’s share price shot up 2.5% during mid-day trading on Friday . The stock traded as high as C$11.19 and last traded at C$11.17. 254,293 shares were traded during trading, a decline of 21% from the average session volume of 319,987 shares. The stock had previously closed at C$10.90.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Scotiabank cut shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Desjardins cut SilverCrest Metals from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.

SilverCrest Metals Trading Up 2.5 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.14 and a current ratio of 6.51. The firm has a 50-day moving average of C$11.33 and a 200-day moving average of C$9.30. The firm has a market capitalization of C$1.64 billion, a P/E ratio of 9.71 and a beta of 1.07.

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 return on equity of 33.24% and a net margin of 49.21%. The firm had revenue of C$85.80 million during the quarter. On average, equities research analysts anticipate that SilverCrest Metals Inc. will post 0.8432032 EPS for the current fiscal year.

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.