SilverCrest Metals (TSE:SIL) Reaches New 12-Month High at $10.65

SilverCrest Metals Inc. (TSE:SIL) shares hit a new 52-week high during trading on Friday . The company traded as high as C$10.65 and last traded at C$10.62, with a volume of 73374 shares traded. The stock had previously closed at C$10.40.

Wall Street Analysts Forecast Growth

Separately, Desjardins downgraded SilverCrest Metals from a “buy” rating to a “hold” rating in a research report on Monday, March 11th.

SilverCrest Metals Price Performance

The company has a market cap of C$1.60 billion, a price-to-earnings ratio of 10.06 and a beta of 1.12. The company’s 50-day simple moving average is C$8.44 and its 200-day simple moving average is C$7.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.45 and a quick ratio of 9.14.

SilverCrest Metals (TSE:SIL) last announced its earnings results on Monday, March 11th. The company reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.20 by C$0.13. SilverCrest Metals had a net margin of 47.62% and a return on equity of 34.36%. The business had revenue of C$83.49 million during the quarter. On average, equities research analysts anticipate that SilverCrest Metals Inc. will post 0.5574324 EPS for the current year.

SilverCrest Metals Company Profile

SilverCrest Metals Inc engages in the acquiring, exploration, and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its focuses on principal property the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico, as well as operates a portfolio of El Picacho, Cruz de Mayo, and Angel de Plata properties in Sonora Mexico.