With over 1.34 million SilverCrest Metals Inc. (SILV) shares trading Monday and a closing price of $9.90 on the day, the dollar volume was approximately $13.24 million. The shares have shown a positive weekly performance of 12.76% and its price on 08/31/20 gained nearly 6.11%. Currently, there are 135.14M common shares owned by the public and among those 121.37M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for SILV have a consensus price objective of $11.41. The analysts have set the share’s price value over the next 12 months at a high of $13.46 and a low of $9.91 should the stock experience a downside. But an upside of 26.45% will see the stock hit the forecast high price target while mean target price for the stock is $11.25.
The top 3 mutual fund holders in SilverCrest Metals Inc. are VanEck Vectors – Junior Gold Mine, Dynamic Precious Metals Fund, and Invesco Oppenheimer Gold & Specia. VanEck Vectors – Junior Gold Mine owns 5.07 million shares of the company’s stock, all valued at over $50.59 million. The company bought an additional 66700.0 shares recently to bring their total holdings to about 3.98% of the shares outstanding. Dynamic Precious Metals Fund bought 75900.0 shares to see its total holdings expand to 3.6 million shares valued at over $35.94 million and representing 2.83% of the shares outstanding. Invesco Oppenheimer Gold & Specia bought 50000.0 shares to bring its total holdings to over 2.53 million shares at a value of $25.25 million. Invesco Oppenheimer Gold & Specia now owns shares totaling to 1.99% of the shares outstanding.
Shares of SilverCrest Metals Inc. (AMEX: SILV) opened at $9.49, up $0.16 from a prior closing price of $9.33. However, the script later closed the day at $9.90, up 6.11%. The company’s stock has a 5-day price change of 12.76% and 10.24% over the past three months. SILV shares are trading 46.88% year to date (YTD), with the 12-month market performance up to 60.98% higher. It has a 12-month low price of $3.28 and touched a high of $11.12 over the same period. Currently, 1.34 million shares have been traded, compared to an average intraday trading volume of 954.28K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.67%, 6.03%, and 35.40% respectively.
Institutional ownership of SilverCrest Metals Inc. (AMEX: SILV) shares accounts for 50.92% of the company’s 135.14M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $1.34B. The earnings-per-share (ttm) stands at -$0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.52% over the week and 5.99% over the month.
Analysts forecast that SilverCrest Metals Inc. (SILV) will achieve an EPS of $17.38 for the current quarter, $17.54 for the next quarter and $18.09 for 2019. The lowest estimate earnings-per-share for the quarter is $16.88 while analysts give the company a high EPS estimate of $18. Comparatively, EPS for the current quarter was $17 a year ago. Earnings per share for the fiscal year are expected to increase by 3.90%, and 2.40% over the next financial year.
Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 2 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the SILV, a number of firms have released research notes about the stock. B. Riley FBR stated their Buy rating for the stock in a research note on March 03, 2020, with the firm’s price target at $9.60.