The stock of SilverCrest Metals Inc. (AMEX:SILV) last traded at $5.50, up 4.36% from the previous session.
Data from the available sources indicates that SilverCrest Metals Inc. (AMEX:SILV) is covered by 7 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $10.92 and a low of $8.50, we find $9.11. Given the previous closing price of $5.27, this indicates a potential upside of 72.87 percent. SILV stock price is now -10.59% away from the 50-day moving average and -11.28% away from the 200-day moving average. The market capitalization of the company currently stands at $809.77M.
In total, 0 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $9.45 as their price target over the next twelve months.
With the price target of $8, Scotiabank recently initiated with Sector Outperform rating for SilverCrest Metals Inc. (AMEX: SILV).
Insiders disposed of 452,000 shares of company stock worth roughly $2.49 million over the past 1 year. A total of 3.08% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SILV stock. A new stake in SilverCrest Metals Inc. shares was purchased by ETF MANAGERS GROUP, LLC during the first quarter worth $23,181,000. MARSHALL WACE, LLP invested $2,906,000 in shares of SILV during the first quarter. In the first quarter, KNOLL CAPITAL MANAGEMENT, LLC acquired a new stake in SilverCrest Metals Inc. valued at approximately $935,000. JOHNSON INVESTMENT COUNSEL INC acquired a new stake in SILV for approximately $825,000. MILLENNIUM MANAGEMENT LLC purchased a new stake in SILV valued at around $632,000 in the second quarter. In total, there are 188 active investors with 58.99% ownership of the company’s stock.
With an opening price of $5.37 on Friday morning, SilverCrest Metals Inc. (AMEX: SILV) set off the trading day. During the past 12 months, SilverCrest Metals Inc. has had a low of $4.58 and a high of $7.56. The fifty day moving average price for SILV is $6.12 and a two-hundred day moving average price translates $6.20 for the stock.
The latest earnings results from SilverCrest Metals Inc. (AMEX: SILV) was released for Mar, 2023. According to the Other Precious Metals & Mining Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.13 by 0.05. This compares to -$0.06 EPS in the same period last year. For the current quarter, analysts expect SILV to generate $40.03M in revenue.
SilverCrest Metals Inc.(SILV) Company Profile
SilverCrest Metals Inc. engages in the exploration and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its principal property includes the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico. The company was incorporated in 2015 and is headquartered in Vancouver, Canada.
