SilverCrest Metals Inc (SILV) Stock Could Soon Reward Patient Investors

SilverCrest Metals Inc (AMEX: SILV) is 73.28% higher on its value in year-to-date trading and has touched a low of $4.79 and a high of $11.27 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 $11.13 in the last trading session, with the day’s gains setting it 0.22%.

Currently trading at $11.35, the stock is 13.56% and 24.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.44 million and changing 1.98% at the moment leaves the stock 44.62% off its SMA200. SILV registered 124.31% gain for a year compared to 6-month gain of 51.54%. The firm has a 50-day simple moving average (SMA 50) of $9.125 and a 200-day simple moving average (SMA200) of $7.84805.

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The stock witnessed a 20.62% loss in the last 1 month and extending the period to 3 months gives it a 20.36%, and is 11.71% 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 4.99% over the week and 4.56% over the month.

SilverCrest Metals Inc (SILV) has around 340 employees, a market worth around $1.69B and $261.54M in sales. Current P/E ratio is 15.79 and Fwd P/E is 17.62. Profit margin for the company is 40.61%. Distance from 52-week low is 136.81% and 0.71% from its 52-week high. The company has generated returns on investments over the last 12 months (23.41%).

The EPS is expected to shrink by -21.86% this year.

SilverCrest Metals Inc (SILV) Top Institutional Holders

258.0 institutions hold shares in SilverCrest Metals Inc (SILV), with institutional investors hold 65.18% of the company’s shares. The shares outstanding are 146.94M, and float is at 145.30M with Short Float at 2.93%. Institutions hold 63.79% of the Float.

The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 13.03 million shares valued at $106.2 million. The investor’s holdings represent 8.8676% of the SILV Shares outstanding. As of 2024-06-30, the second largest holder is SPROTT INC. with 8.13 million shares valued at $66.36 million to account for 5.5293 of the shares outstanding. The other top investors are TOROSO INVESTMENTS, LLC which holds 4.81 million shares representing 3.2753% and valued at over $39.23 million, while GILDER GAGNON HOWE & CO LLC holds 3.1096 of the shares totaling 4.57 million with a market value of $37.24 million.