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

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

SilverCrest Metals Price Performance

SilverCrest Metals stock traded up $0.16 during mid-day trading on Friday, reaching $7.84. 1,908,465 shares of the company traded hands, compared to its average volume of 1,515,491. SilverCrest Metals has a 52-week low of $4.26 and a 52-week high of $10.27. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 9.45 and a beta of 1.20. The stock’s 50 day moving average price is $8.69.

Wall Street Analyst Weigh In

SILV has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price 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 upped their price target on SilverCrest Metals from $8.00 to $8.50 and gave the company a “sector perform” rating in a research 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.