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

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

SilverCrest Metals Price Performance

Shares of SilverCrest Metals stock traded up $0.16 on Friday, hitting $7.84. The company had a trading volume of 1,908,465 shares, compared to its average volume of 1,515,491. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 9.45 and a beta of 1.20. SilverCrest Metals has a twelve month low of $4.26 and a twelve month high of $10.27. The company has a 50-day simple moving average of $8.69.

Analysts Set New Price Targets

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

About SilverCrest Metals

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.