SilverCrest Metals (NYSE:SILV) Lowered to Hold at Ventum Cap Mkts

Ventum Cap Mkts lowered shares of SilverCrest Metals (NYSE:SILV) from a strong-buy rating to a hold rating in a research note released on Friday, Zacks.com reports.

Separately, Scotiabank increased their price objective on shares of SilverCrest Metals from $8.50 to $9.00 and gave the company a sector perform rating in a research note on Monday, August 19th.

SilverCrest Metals Price Performance

NYSE SILV opened at $9.84 on Friday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 11.86 and a beta of 1.23. The stock’s 50 day moving average price is $8.76. SilverCrest Metals has a 1 year low of $4.44 and a 1 year high of $10.58.

SilverCrest Metals (NYSE:SILV) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). The company had revenue of $72.74 million during the quarter. SilverCrest Metals had a net margin of 40.61% and a return on equity of 25.66%. Equities research analysts predict that SilverCrest Metals will post 0.62 earnings per share for the current year.

Hedge Funds Weigh In On SilverCrest Metals

Large investors have recently modified their holdings of the business. Mather Group LLC. bought a new position in shares of SilverCrest Metals during the second quarter valued at $28,000. Toronto Dominion Bank raised its stake in shares of SilverCrest Metals by 40.7% during the second quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock valued at $35,000 after acquiring an additional 1,225 shares during the last quarter. Perritt Capital Management Inc. bought a new position in SilverCrest Metals during the first quarter worth $52,000. Fermata Advisors LLC bought a new position in SilverCrest Metals during the second quarter worth $99,000. Finally, Cambridge Trust Co. raised its stake in SilverCrest Metals by 225.5% during the first quarter. Cambridge Trust Co. now owns 28,257 shares of the company’s stock worth $188,000 after buying an additional 19,577 shares during the last quarter. Institutional investors own 44.75% of the company’s stock.

About SilverCrest Metals

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.