An Important Check-Up On SilverCrest Metals Inc. (AMEX: SILV)


    SilverCrest Metals Inc. (SILV) concluded trading on 08/26/20 at a closing price of $9.35, with 1.08 million shares of worth about $10.09 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 2.97% during that period and on Wednesday the price saw a gain of about 6.25%. Currently the company’s common shares owned by public are about 135.14M shares, out of which, 121.37M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the SILV stock and their offered price forecasts bring an average price target of $11.36. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $13.46 and could fall to a lowest price of $9.85. However, touching the estimated high of $13.46 would mean a gain of 30.53% for the stock.

    VanEck Vectors – Junior Gold Mine, Dynamic Precious Metals Fund, and Invesco Oppenheimer Gold & Specia are the top 3 mutual funds which are holding stakes in SilverCrest Metals Inc. VanEck Vectors – Junior Gold Mine is currently holding 5.07 million shares of worth totaling $50.59 million. The company recently came buying 66700.0 shares which brought its stake up to 3.98% of the company’s outstanding shares. Dynamic Precious Metals Fund bought 75900.0 shares, after which its hold over company’s outstanding shares expand to 2.83%, leaving 3.6 million shares with the mutual fund that have a worth of about $35.94 million. Invesco Oppenheimer Gold & Specia, after buying 2.53 million shares, have now control over 1.99% of the stake in the company. It holds 50000.0 shares of worth $25.25 million.

    SilverCrest Metals Inc. (AMEX: SILV) started trading at $8.69, below -$0.11 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $9.35, or with a gain of 6.25%. Stock saw a price change of 2.97% in past 5 days and over the past one month there was a price change of -8.24%. Year-to-date (YTD), SILV shares are showing a performance of 38.72% which increased to 43.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.28 but also hit the highest price of $11.12 during that period. While comparing its average daily trading volume of 960.22K shares, we see that about 1.08 million changed hands on the day. The stock is currently trading -1.16% below its 20-day simple moving average (SMA20), while that difference is up 0.89% for SMA50 and it goes to 28.85% higher than SMA200.

    SilverCrest Metals Inc. (AMEX: SILV) currently have 135.14M outstanding shares and institutions hold larger chunk of about 50.92% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.

    The stock has a current market capitalization of $1.26B. It has posted earnings per share of -$0.07 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SILV, volatility over the week remained 5.01% while standing at 5.79% over the month.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley FBR on March 03, 2020 offering a Buy rating for the stock and assigned a target price of $9.60 to it.


    Please enter your comment!
    Please enter your name here