SilverCrest Metals Inc (AMEX: SILV) Fell -24.45% From Highs, What Does The Future Hold?

SilverCrest Metals Inc (AMEX:SILV)’s traded shares stood at 9.67 million during the last session, with the company’s beta value hitting 1.20. At the close of trading, the stock’s price was $9.57, to imply a decrease of -2.25% or -$0.22 in intraday trading. The SILV share’s 52-week high remains $11.91, putting it -24.45% down since that peak but still an impressive 49.53% since price per share fell to its 52-week low of $4.83. The company has a valuation of $2.00B, with an average of 2.85 million shares in intraday trading volume over the past 10 days and average of 2.29 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for SilverCrest Metals Inc (SILV), translating to a mean rating of 2.40. Of 3 analyst(s) looking at the stock, 0 analyst(s) give SILV a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.23.

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SilverCrest Metals Inc (AMEX:SILV) trade information

After registering a -2.25% downside in the last session, SilverCrest Metals Inc (SILV) has traded red over the past five days. The 5-day price performance for the stock is -7.18%, and -6.82% over 30 days. With these gigs, the year-to-date price performance is 46.11%. Short interest in SilverCrest Metals Inc (AMEX:SILV) saw shorts transact 2.01 million shares and set a 0.68 days time to cover.

The extremes give us $8.5 and $8.5 for target low and target high price respectively. As such, SILV has been trading 11.18% off suggested target high and 11.18% from its likely low.

SilverCrest Metals Inc (SILV) estimates and forecasts

Looking at statistics comparing SilverCrest Metals Inc share performance against respective industry, we note that the company has underperformed competitors. SilverCrest Metals Inc (SILV) shares are 1.70% up over the last 6 months, with its year-to-date growth rate lower than industry average at -30.38% against 14.20%. Revenue is forecast to shrink -29.18% this quarter before falling -27.06% for the next one.

SILV Dividends

SilverCrest Metals Inc has its next earnings report out on 2024-Nov-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

SilverCrest Metals Inc insiders hold 2.14% of total outstanding shares, with institutional holders owning 60.70% of the shares at 62.03% float percentage. In total, 60.70% institutions holds shares in the company, led by VAN ECK ASSOCIATES CORP. As of 2024-06-30, the company held over 13.03 million shares (or 8.8676% of shares), all amounting to roughly $106.2 million.

The next major institution holding the largest number of shares is SPROTT INC. with 8.13 million shares, or about 5.5293% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $66.36 million.