FY2024 EPS Estimates for SilverCrest Metals Inc. (TSE:SIL) Reduced by Stifel Canada

SilverCrest Metals Inc. (TSE:SIL) – Analysts at Stifel Canada lowered their FY2024 earnings estimates for shares of SilverCrest Metals in a report released on Wednesday, August 7th. Stifel Canada analyst S. Soock now forecasts that the company will post earnings per share of $0.75 for the year, down from their prior forecast of $0.97. The consensus estimate for SilverCrest Metals’ current full-year earnings is $0.84 per share. Stifel Canada also issued estimates for SilverCrest Metals’ FY2025 earnings at $0.72 EPS, FY2026 earnings at $0.58 EPS and FY2027 earnings at $0.25 EPS.

Several other research firms also recently issued reports on SIL. BMO Capital Markets downgraded shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 15th. Scotiabank downgraded SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 23rd.

SilverCrest Metals Stock Up 4.1 %

Shares of TSE:SIL opened at C$11.31 on Monday. SilverCrest Metals has a 1 year low of C$5.85 and a 1 year high of C$14.04. The stock has a 50-day simple moving average of C$11.93 and a 200-day simple moving average of C$10.35. 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 stock has a market capitalization of C$1.67 billion, a P/E ratio of 9.83 and a beta of 1.07.

SilverCrest Metals (TSE:SIL) last issued its earnings results 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. The firm had revenue of C$85.80 million for the quarter. SilverCrest Metals had a return on equity of 33.24% and a net margin of 49.21%.

About SilverCrest Metals

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.