Stifel Nicolaus Increases SilverCrest Metals (NYSE:SILV) Price Target to $11.25

SilverCrest Metals (NYSE:SILVFree Report) had its price objective boosted by Stifel Nicolaus from $9.75 to $11.25 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

SilverCrest Metals Stock Up 3.7 %

NYSE SILV opened at $9.41 on Wednesday. SilverCrest Metals has a twelve month low of $4.16 and a twelve month high of $9.41. The stock has a market cap of $1.39 billion, a P/E ratio of 10.93 and a beta of 1.22.

SilverCrest Metals (NYSE:SILVGet Free Report) last posted its quarterly earnings data on Monday, March 11th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. The business had revenue of $61.32 million during the quarter. SilverCrest Metals had a return on equity of 32.01% and a net margin of 49.21%. As a group, analysts expect that SilverCrest Metals will post 0.63 EPS for the current year.

Hedge Funds Weigh In On SilverCrest Metals

Several large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in SilverCrest Metals by 5,624.4% in the 1st quarter. Tidal Investments LLC now owns 4,352,930 shares of the company’s stock valued at $28,991,000 after acquiring an additional 4,276,888 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in SilverCrest Metals by 12.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 63,990 shares of the company’s stock valued at $426,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Perritt Capital Management Inc. acquired a new position in SilverCrest Metals in the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds own 44.75% of the company’s stock.

SilverCrest Metals Company Profile

(Get Free Report)

SilverCrest Metals Inc focuses on the acquisition, exploration, advancement and development of base mineral and precious metals properties primarily in Mexico. The company’s properties consist of Las Chispas property. SilverCrest Metals Inc is headquartered in Vancouver, BC.

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