SilverCrest Metals (NYSEAMERICAN:SILV) Shares Down 2.3%

SilverCrest Metals Inc. (NYSEAMERICAN:SILV)’s share price dropped 2.3% during trading on Friday . The stock traded as low as $9.95 and last traded at $9.98. Approximately 230,500 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 1,523,022 shares. The stock had previously closed at $10.22.

SilverCrest Metals Stock Down 5.4 %

The company has a market cap of $1.42 billion, a P/E ratio of 12.40 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILV) last released its earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). The business had revenue of $72.74 million during the quarter. SilverCrest Metals had a net margin of 47.62% and a return on equity of 33.11%. As a group, research analysts expect that SilverCrest Metals Inc. will post 0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On SilverCrest Metals

An institutional investor recently raised its position in SilverCrest Metals stock. CIBC Asset Management Inc raised its position in shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILV) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,825 shares of the company’s stock after acquiring an additional 3,186 shares during the period. CIBC Asset Management Inc owned approximately 0.13% of SilverCrest Metals worth $1,249,000 at the end of the most recent reporting period. 44.75% of the stock is owned by hedge funds and other institutional investors.

SilverCrest Metals Company Profile

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.