Look For Institutional Buying In SilverCrest Metals Inc (AMEX: SILV)

SilverCrest Metals Inc (SILV) concluded trading on Wednesday at a closing price of $7.09, with 4.48 million shares of worth about $31.74 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 63.74% during that period and on April 3, 2024 the price saw a gain of about 3.81%. Currently the company’s common shares owned by public are about 146.94M shares, out of which, 140.92M shares are available for trading.

Stock saw a price change of 10.26% in past 5 days and over the past one month there was a price change of 31.78%. Year-to-date (YTD), SILV shares are showing a performance of 8.24% which decreased to -0.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.16 but also hit the highest price of $7.56 during that period. The average intraday trading volume for SilverCrest Metals Inc shares is 1.32 million. The stock is currently trading 11.59% above its 20-day simple moving average (SMA20), while that difference is up 22.73% for SMA50 and it goes to 28.29% higher than SMA200.

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SilverCrest Metals Inc (AMEX: SILV) currently have 146.94M outstanding shares and institutions hold larger chunk of about 53.26% of that.

The stock has a current market capitalization of $1.04B and its 3Y-monthly beta is at 1.30. PE ratio of stock for trailing 12 months is 9.07, while it has posted earnings per share of $0.78 in the same period. It has Quick Ratio of 2.49 while making debt-to-equity ratio of 0.00. 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 3.50% while standing at 5.12% over the month.

Analysts are in expectations that SilverCrest Metals Inc (SILV) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is $0.07 and it is $0.3 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.03 which is $0.1 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.18 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -48.61% while it is estimated to decrease by -4.40% in next year.

Stock get a Sector outperform rating from Scotiabank on March 28, 2023.

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