SilverCrest Metals Inc (AMEX: SILV) is 0.61% higher on its value in year-to-date trading and has touched a low of $4.16 and a high of $7.56 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SILV stock was last observed hovering at around $6.72 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $6.59, the stock is 19.32% and 15.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing -1.93% at the moment leaves the stock 19.55% off its SMA200. SILV registered 9.83% gain for a year compared to 6-month gain of 38.45%. The firm has a 50-day simple moving average (SMA 50) of $3.60 and a 200-day simple moving average (SMA200) of $6.02.
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The stock witnessed a 26.97% loss in the last 1 month and extending the period to 3 months gives it a 1.54%, and is 8.03% up 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 5.34% over the week and 4.79% over the month.
SilverCrest Metals Inc (SILV) has around 340 employees, a market worth around $968.33M and $245.13M in sales. Current P/E ratio is 8.43 and Fwd P/E is 16.81. Profit margin for the company is 47.62%. Distance from 52-week low is 58.41% and -12.83% from its 52-week high. The company has generated returns on investments over the last 12 months (29.00%).
SilverCrest Metals Inc quarterly earnings per share for the current quarter are estimated at $0.07.The EPS is expected to shrink by -48.45% this year, but quarterly earnings will post -15.60% year-over-year.
SilverCrest Metals Inc (SILV) Top Institutional Holders
223 institutions hold shares in SilverCrest Metals Inc (SILV), with institutional investors hold 62.13% of the company’s shares. The shares outstanding are 146.94M, and float is at 140.88M with Short Float at 8.26%. Institutions hold 59.80% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 14.4 million shares valued at $84.38 million. The investor’s holdings represent 9.84% of the SILV Shares outstanding. As of Jun 29, 2023, the second largest holder is Sprott Inc. with 8.63 million shares valued at $50.54 million to account for 5.89% of the shares outstanding. The other top investors are Gilder, Gagnon, Howe & Co. which holds 7.06 million shares representing 4.82% and valued at over $41.37 million, while Invesco Ltd. holds 3.20% of the shares totaling 4.69 million with a market value of $27.48 million.
