SilverCrest Metals Inc. (AMEX: SILV) is -18.25% lower on its value in year-to-date trading and has touched a low of $3.28 and a high of $12.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SILV stock was last observed hovering at around $8.81 in the last trading session, with the day’s gains setting it 0.33% off its average median price target of $12.50 for the next 12 months. It is also 56.48% off the consensus price target high of $21.00 offered by 9 analysts, but current levels are 18.32% higher than the price target low of $11.19 for the same period.
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Currently trading at $9.14, the stock is -5.17% and -7.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.32 million and changing 3.75% at the moment leaves the stock -1.95% off its SMA200. SILV registered 13.26% gain for a year compared to 6-month gain of -0.33%. The firm has a 50-day simple moving average (SMA 50) of $10.00 and a 200-day simple moving average (SMA200) of $9.53.
The stock witnessed a -3.38% loss in the last 1 month and extending the period to 3 months gives it a -0.33%, and is -3.48% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.84% over the week and 6.99% over the month.
Fwd P/E is 0.51. Distance from 52-week low is 178.66% and -29.04% from its 52-week high.
SilverCrest Metals Inc. (SILV) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for SilverCrest Metals Inc. (SILV) is a “Buy”. 9 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
SilverCrest Metals Inc. is expected to release its quarterly report on 05/20/2021 and quarterly earnings per share for the current quarter are estimated at $17.38.The EPS is expected to grow by 3.90% this year.
SilverCrest Metals Inc. (SILV) Top Institutional Holders
163 institutions hold shares in SilverCrest Metals Inc. (SILV), with 5.07M shares held by insiders accounting for 3.92% while institutional investors hold 51.02% of the company’s shares. The shares outstanding are 129.35M, and float is at 122.17M with Short Float at 2.87%. Institutions hold 49.02% of the Float.
The top institutional shareholder in the company is Gilder, Gagnon, Howe & Co. with over 8.49 million shares valued at $72.07 million. The investor’s holdings represent 6.56% of the SILV Shares outstanding. As of Dec 30, 2020, the second largest holder is Van Eck Associates Corporation with 6.79 million shares valued at $75.91 million to account for 5.25% of the shares outstanding. The other top investors are 1832 Asset Management L.P. which holds 3.93 million shares representing 3.04% and valued at over $33.39 million, while Royal Bank of Canada holds 2.64% of the shares totaling 3.41 million with a market value of $28.98 million.