SilverCrest Metals (TSE:SIL) Sets New 12-Month High – Still a Buy?

SilverCrest Metals Inc. (TSE:SIL) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$14.68 and last traded at C$14.65, with a volume of 75461 shares traded. The stock had previously closed at C$14.24.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SIL shares. Ventum Cap Mkts cut SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. BMO Capital Markets downgraded shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, July 15th.

SilverCrest Metals Stock Up 3.3 %

The firm has a 50 day moving average of C$12.10 and a two-hundred day moving average of C$11.77. The company has a current ratio of 5.87, a quick ratio of 9.14 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of C$2.19 billion, a PE ratio of 14.83 and a beta of 1.17.

SilverCrest Metals (TSE:SIL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.19). The business had revenue of C$99.53 million during the quarter. SilverCrest Metals had a net margin of 40.61% and a return on equity of 26.79%. Equities research analysts anticipate that SilverCrest Metals Inc. will post 0.8934954 earnings per share for the current year.

About SilverCrest Metals

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.