SilverCrest Metals (NYSE:SILV) PT Raised to $9.00 at Scotiabank

SilverCrest Metals (NYSE:SILV) had its price target increased by Scotiabank from $8.50 to $9.00 in a research report sent to investors on Monday, Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

Separately, Stifel Nicolaus lifted their price objective on SilverCrest Metals from $9.75 to $11.25 and gave the stock a buy rating in a research report on Wednesday, May 15th.

SilverCrest Metals Stock Performance

Shares of NYSE:SILV opened at $8.93 on Monday. SilverCrest Metals has a twelve month low of $4.26 and a twelve month high of $10.27. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 10.76 and a beta of 1.20. The firm has a fifty day simple moving average of $8.70.

SilverCrest Metals (NYSE:SILV) last announced its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The business 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%. On average, analysts predict that SilverCrest Metals will post 0.65 EPS for the current fiscal year.

Institutional Trading of SilverCrest Metals

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in shares of SilverCrest Metals during the 2nd quarter worth about $28,000. Toronto Dominion Bank grew its position in shares of SilverCrest Metals by 40.7% during the 2nd quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock worth $35,000 after buying an additional 1,225 shares during the period. Perritt Capital Management Inc. acquired a new position in shares of SilverCrest Metals during the 1st quarter worth about $52,000. Fermata Advisors LLC acquired a new position in shares of SilverCrest Metals during the 2nd quarter worth about $99,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of SilverCrest Metals during the 2nd quarter worth about $213,000. 44.75% of the stock is currently owned by institutional investors and hedge funds.

About SilverCrest Metals

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.