Investors Purchase High Volume of Call Options on SilverCrest Metals (NYSE:SILV)

SilverCrest Metals Inc. (NYSE:SILV) was the target of unusually large options trading activity on Wednesday. Stock traders bought 5,745 call options on the company. This is an increase of 168% compared to the typical daily volume of 2,142 call options.

Institutional Investors Weigh In On SilverCrest Metals

Institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new stake in SilverCrest Metals during the 2nd quarter worth approximately $28,000. Toronto Dominion Bank grew its holdings in 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 acquiring an additional 1,225 shares during the last quarter. Blue Trust Inc. lifted its position in shares of SilverCrest Metals by 194.1% in the 3rd quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock worth $47,000 after purchasing an additional 3,379 shares during the period. Perritt Capital Management Inc. acquired a new position in shares of SilverCrest Metals in the 1st quarter worth approximately $52,000. Finally, Eastern Bank acquired a new position in shares of SilverCrest Metals in the 3rd quarter worth approximately $88,000. 44.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SILV has been the topic of a number of analyst reports. Ventum Cap Mkts downgraded shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Scotiabank increased their price objective on shares of SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th.

SilverCrest Metals Stock Down 2.3 %

Shares of SilverCrest Metals stock opened at $11.28 on Friday. SilverCrest Metals has a 1 year low of $4.79 and a 1 year high of $11.91. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 15.89 and a beta of 1.23. The firm’s 50 day moving average is $9.27.

SilverCrest Metals (NYSE:SILV) last posted 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). SilverCrest Metals had a return on equity of 25.66% and a net margin of 40.61%. The business had revenue of $72.74 million for the quarter. As a group, equities research analysts predict that SilverCrest Metals will post 0.59 EPS for the current year.

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.