Investors In SilverCrest Metals Inc (SILV) Will Start Making Money Again

SilverCrest Metals Inc (AMEX:SILV) has a beta value of 1.23 and has seen 1.45 million shares traded in the recent trading session. The company, currently valued at $1.59B, closed the recent trade at $10.69 per share which meant it gained $0.37 on the day or 3.59% during that session. The SILV stock price is 1.03% off its 52-week high price of $10.58 and 56.31% above the 52-week low of $4.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.76 million shares traded. The 3-month trading volume is 1.88 million shares.

The consensus among analysts is that SilverCrest Metals Inc (SILV) is Buy stock at the moment, with a recommendation rating of 2.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 3 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.13.

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SilverCrest Metals Inc (AMEX:SILV) trade information

Sporting 3.59% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SILV stock price touched $10.69 or saw a fall of -0.09%. Year-to-date, SilverCrest Metals Inc shares have moved 63.21%, while the 5-day performance has seen it change 8.09%. Over the past 30 days, the shares of SilverCrest Metals Inc (AMEX:SILV) have changed 11.94%. Short interest in the company has seen 4.25 million shares shorted with days to cover at 2.76.

Wall Street analysts have a consensus price target for the stock at $8.5, which means that the shares’ value could drop -25.76% from the levels at last check today. The projected low price target is $8.5 while the price target rests at a high of $8.5. In that case, then, we find that the latest price level in today’s session is 20.49% off the targeted high while a plunge would see the stock lose 20.49% from the levels at last check today.

SilverCrest Metals Inc (SILV) estimates and forecasts

Figures show that SilverCrest Metals Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 49.72% over the past 6 months, with this year growth rate of -25.32%, compared to 16.20% for the industry. Revenue growth from the last financial year stood is estimated to be 3.00%.

SILV Dividends

SilverCrest Metals Inc is expected to release its next earnings report on 2024-Nov-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

SilverCrest Metals Inc (AMEX:SILV)’s Major holders

Insiders own 2.14% of the company shares, while shares held by institutions stand at 63.86% with a share float percentage of 65.26%. Investors are also buoyed by the number of investors in a company, with SilverCrest Metals Inc having a total of 263.0 institutions that hold shares in the company. The top two institutional holders are VAN ECK ASSOCIATES CORP with over 13.03 million shares worth more than $106.2 million. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 8.8676% of shares outstanding.

The other major institutional holder is SPROTT INC., with the holding of over 8.13 million shares as of 2024-06-30. The firm’s total holdings are worth over $66.36 million and represent 5.5293% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. As of Sep 30, 2024, the former fund manager holds about 4.57% shares in the company for having 6.8 shares of worth $72.21 million while later fund manager owns 5.92 shares of worth $62.85 million as of Sep 30, 2024, which makes it owner of about 3.98% of company’s outstanding stock.