SilverCrest Metals (NYSEMKT:SILV – Get Rating) posted its quarterly earnings data on Monday. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.03, MarketWatch Earnings reports. The firm had revenue of $40.79 million during the quarter.

SilverCrest Metals Stock Up 2.8 %

SILV opened at $6.22 on Wednesday. The firm has a market capitalization of $915.34 million, a P/E ratio of 56.55 and a beta of 1.08. The company has a current ratio of 11.87, a quick ratio of 9.23 and a debt-to-equity ratio of 0.33. The firm's 50-day moving average is $5.98 and its 200-day moving average is $5.88.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Desjardins lowered their price objective on shares of SilverCrest Metals from C$14.00 to C$12.00 in a research report on Friday, February 3rd. Stifel Nicolaus reduced their price objective on SilverCrest Metals from C$13.75 to C$13.25 in a report on Tuesday, November 15th. Finally, BMO Capital Markets reduced their price objective on SilverCrest Metals from C$12.50 to C$11.00 in a report on Friday, February 3rd.

Institutional Investors Weigh In On SilverCrest Metals

A number of large investors have recently made changes to their positions in the stock. 1832 Asset Management L.P. increased its holdings in SilverCrest Metals by 6.4% in the 4th quarter. 1832 Asset Management L.P. now owns 2,924,700 shares of the company's stock worth $17,548,000 after buying an additional 174,700 shares during the period. Amundi boosted its holdings in shares of SilverCrest Metals by 61.1% in the 4th quarter. Amundi now owns 638,993 shares of the company's stock valued at $4,122,000 after acquiring an additional 242,309 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of SilverCrest Metals by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 361,547 shares of the company's stock worth $3,221,000 after acquiring an additional 2,090 shares during the period. Renaissance Technologies LLC raised its holdings in shares of SilverCrest Metals by 862.5% during the third quarter. Renaissance Technologies LLC now owns 351,315 shares of the company's stock worth $1,948,000 after purchasing an additional 314,815 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of SilverCrest Metals by 1.4% during the first quarter. The Manufacturers Life Insurance Company now owns 344,051 shares of the company's stock worth $3,071,000 after purchasing an additional 4,666 shares during the last quarter. 38.89% of the stock is owned by hedge funds and other institutional investors.

About SilverCrest Metals

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SilverCrest Metals Inc explores for and develops precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its principal property includes the Las Chispas project that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico.

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