Ventum Cap Mkts Lowers SilverCrest Metals (NYSE:SILV) to Hold

Ventum Cap Mkts lowered shares of SilverCrest Metals (NYSE:SILV) from a strong-buy rating to a hold rating in a report released on Friday, Zacks.com reports.

Separately, Scotiabank upped their target price on SilverCrest Metals from $8.50 to $9.00 and gave the company a sector perform rating in a research report on Monday, August 19th.

SilverCrest Metals Price Performance

Shares of SilverCrest Metals stock opened at $9.84 on Friday. The company has a market capitalization of $1.46 billion, a P/E ratio of 11.86 and a beta of 1.23. The business has a 50-day moving average price of $8.76. SilverCrest Metals has a one year low of $4.44 and a one year high of $10.58.

SilverCrest Metals (NYSE:SILV) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). SilverCrest Metals had a return on equity of 25.66% and a net margin of 40.61%. The firm had revenue of $72.74 million for the quarter. On average, equities research analysts predict that SilverCrest Metals will post 0.62 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SILV. Mather Group LLC. acquired a new position in shares of SilverCrest Metals in the 2nd quarter valued at $28,000. Toronto Dominion Bank increased its holdings in shares of SilverCrest Metals by 40.7% in the second quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock valued at $35,000 after purchasing an additional 1,225 shares during the period. Perritt Capital Management Inc. purchased a new position in shares of SilverCrest Metals in the first quarter worth about $52,000. Fermata Advisors LLC purchased a new position in shares of SilverCrest Metals in the second quarter worth about $99,000. Finally, Cambridge Trust Co. lifted its holdings in shares of SilverCrest Metals by 225.5% during the first quarter. Cambridge Trust Co. now owns 28,257 shares of the company’s stock worth $188,000 after purchasing an additional 19,577 shares during the period. Hedge funds and other institutional investors own 44.75% of the company’s stock.

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.