SilverCrest Metals (NYSE:SILV) Posts Earnings Results, Misses Expectations By $0.13 EPS

SilverCrest Metals (NYSE:SILV) announced its earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13), Zacks reports. SilverCrest Metals had a net margin of 49.21% and a return on equity of 32.01%. The firm had revenue of $72.74 million during the quarter.

SilverCrest Metals Stock Up 2.1 %

NYSE SILV traded up $0.16 during trading hours on Friday, hitting $7.84. 1,908,465 shares of the company’s stock were exchanged, compared to its average volume of 1,515,491. The stock has a 50 day simple moving average of $8.69. SilverCrest Metals has a 12-month low of $4.26 and a 12-month high of $10.27. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 9.45 and a beta of 1.20.

Wall Street Analysts Forecast Growth

SILV has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of SilverCrest Metals from $9.75 to $11.25 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Scotiabank lifted their target price on shares of SilverCrest Metals from $8.00 to $8.50 and gave the stock a “sector perform” rating in a research note on Tuesday, July 16th.

SilverCrest Metals Company Profile

SilverCrest Metals Inc focuses on the acquisition, exploration, advancement and development of base mineral and precious metals properties primarily in Mexico. The company’s properties consist of Las Chispas property. SilverCrest Metals Inc is headquartered in Vancouver, BC.