SilverCrest Metals Inc. (TSE:SIL) Forecasted to Post Q2 2024 Earnings of $0.21 Per Share

SilverCrest Metals Inc. (TSE:SIL) – Stock analysts at Stifel Canada issued their Q2 2024 earnings estimates for shares of SilverCrest Metals in a note issued to investors on Thursday, July 18th. Stifel Canada analyst S. Soock anticipates that the company will post earnings per share of $0.21 for the quarter. The consensus estimate for SilverCrest Metals’ current full-year earnings is $0.84 per share. Stifel Canada also issued estimates for SilverCrest Metals’ FY2024 earnings at $0.97 EPS and FY2027 earnings at $0.34 EPS.

SilverCrest Metals (TSE:SIL) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C$0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.17 by C$0.14. SilverCrest Metals had a return on equity of 33.24% and a net margin of 49.21%. The company had revenue of C$85.80 million for the quarter.

Other equities research analysts have also recently issued research reports about the company. Scotiabank cut SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 23rd. BMO Capital Markets downgraded shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 15th.

SilverCrest Metals Stock Up 1.3 %

Shares of TSE SIL opened at C$13.00 on Monday. The business has a 50-day moving average price of C$11.98 and a 200 day moving average price of C$9.93. The stock has a market cap of C$1.91 billion, a PE ratio of 11.30 and a beta of 1.07. The company has a quick ratio of 9.14, a current ratio of 6.51 and a debt-to-equity ratio of 0.06. SilverCrest Metals has a 52-week low of C$5.54 and a 52-week high of C$14.04.

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.