SilverCrest Metals (TSE:SIL) Stock Price Up 7.8% – Here’s What Happened

Shares of SilverCrest Metals Inc. (TSE:SIL) traded up 7.8% during mid-day trading on Thursday . The stock traded as high as C$15.93 and last traded at C$15.84. 207,860 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 152,015 shares. The stock had previously closed at C$14.70.

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts downgraded SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th.

SilverCrest Metals Stock Up 7.8 %

The company has a debt-to-equity ratio of 0.12, a quick ratio of 9.14 and a current ratio of 5.87. The business’s 50 day moving average price is C$14.21 and its 200 day moving average price is C$13.33. The firm has a market cap of C$2.35 billion, a price-to-earnings ratio of 16.16 and a beta of 1.18.

SilverCrest Metals (TSE:SIL) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.24 EPS for the quarter, meeting the consensus estimate of C$0.24. SilverCrest Metals had a net margin of 40.61% and a return on equity of 26.79%. During the same quarter last year, the firm earned $0.27 EPS. On average, equities analysts forecast that SilverCrest Metals Inc. will post 0.9510067 EPS for the current year.

SilverCrest Metals Company Profile

SilverCrest is a Canadian precious metals producer headquartered in Vancouver, BC, with an ongoing initiative to increase its asset base by expanding current resources and reserves, acquiring, discovering and developing high value precious metals projects and ultimately operating multiple silver-gold mines in the Americas.