SilverCrest Metals Inc. (NASDAQ:SILV) – Research analysts at B. Riley lowered their FY2021 earnings estimates for shares of SilverCrest Metals in a report released on Thursday, December 5th, according to Zacks Investment Research. B. Riley analyst A. Graf now anticipates that the company will post earnings per share of ($0.04) for the year, down from their previous forecast of ($0.03). B. Riley has a “Neutral” rating on the stock.
A number of other equities research analysts also recently commented on the company. Roth Capital set a $7.00 price objective on SilverCrest Metals and gave the company a “buy” rating in a research report on Monday, August 26th. Desjardins reissued a “buy” rating on shares of SilverCrest Metals in a research note on Monday, August 26th. Finally, Zacks Investment Research downgraded SilverCrest Metals from a “hold” rating to a “sell” rating in a report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $4.88.
SILV stock traded up $0.13 during midday trading on Monday, hitting $6.32. The stock had a trading volume of 379,600 shares, compared to its average volume of 185,198. SilverCrest Metals has a 12-month low of $2.39 and a 12-month high of $6.69. The company’s 50-day moving average price is $5.83 and its 200 day moving average price is $5.33.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intact Investment Management Inc. raised its stake in shares of SilverCrest Metals by 41.0% during the second quarter. Intact Investment Management Inc. now owns 423,000 shares of the company’s stock valued at $2,178,000 after purchasing an additional 123,000 shares during the period. Gilder Gagnon Howe & Co. LLC grew its stake in shares of SilverCrest Metals by 5.4% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 5,336,074 shares of the company’s stock valued at $27,801,000 after acquiring an additional 272,523 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of SilverCrest Metals during the third quarter valued at about $130,000. Ladenburg Thalmann Financial Services Inc. purchased a new stake in shares of SilverCrest Metals during the second quarter worth about $32,000. Finally, Creative Planning increased its position in shares of SilverCrest Metals by 21.0% during the third quarter. Creative Planning now owns 13,835 shares of the company’s stock worth $72,000 after acquiring an additional 2,400 shares during the last quarter.
About SilverCrest Metals
SilverCrest Metals Inc engages in the acquisition, exploration, and development of precious metal properties. It primarily explores for silver and gold properties. The company’s principal property is the Las Chispas project that consists of 27 concessions totaling approximately 1,389 hectares located in Sonora, Mexico.