SilverCrest Metals (NYSEAMERICAN:SILV) Acts Gap Up – Here’s Why

SilverCrest Metals Inc Share Price (NYSEAMERICAN:SILV – Get Your Free Report ) fell before the market opened on Friday. The stock had previously closed at $9.29 but opened at $10.18. Shares of SilverCrest Metals last traded at $10.01, with a volume of 3,240,615 shares changing hands.

SilverCrest Metals Stocks Up 11.8%

The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 11.91 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILV – Get Your Free Report ) last posted its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). SilverCrest Metals had a return on equity of 33.11% and a net margin of 47.62%. The business had revenue of $72.74 million during the quarter. On average, analysts estimate that SilverCrest Metals Inc. will post 0.54 earnings per share for the current year.

Institutional investors have weighed in on SilverCrest Metals

A hedge fund recently raised its stake in shares of SilverCrest Metals. CIBC Asset Management Inc increased its holdings in shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILV – Free Report) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 189,825 shares of the company’s stock after purchasing an additional 3,186 shares during the quarter. CIBC Asset Management Inc owned 0.13% of SilverCrest Metals worth $1,249,000 at the end of the most recent reporting period. 44.75% of shares are owned by institutional investors.

SilverCrest Metals Company Profile

(Get a free report)

SilverCrest Metals Inc is engaged in the acquisition, exploration and development of precious metal properties in Mexico. The company mainly explores for silver and gold properties. It focuses on its flagship property, Mina Las Chispas, which consists of 28 concessions totaling approximately 1,401 hectares located in Sonora, Mexico, and operates a portfolio of El Picacho, Cruz de Mayo and Angel de Plata properties in Sonora, Mexico.

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