SilverCrest Metals (TSE:SIL) Shares Up 7.8% – Time to Buy?

Shares of SilverCrest Metals Inc. (TSE:SIL) rose 7.8% on Thursday . The company traded as high as C$15.93 and last traded at C$15.84. Approximately 207,860 shares changed hands during trading, an increase of 37% from the average daily volume of 152,015 shares. The stock had previously closed at C$14.70.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts cut shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th.

SilverCrest Metals Stock Up 7.8 %

The company’s 50 day moving average is C$14.21 and its 200 day moving average is C$13.33. The company has a market cap of C$2.35 billion, a PE ratio of 16.16 and a beta of 1.18. The company has a current ratio of 5.87, a quick ratio of 9.14 and a debt-to-equity ratio of 0.12.

SilverCrest Metals (TSE:SIL) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.24. SilverCrest Metals had a net margin of 40.61% and a return on equity of 26.79%. During the same period last year, the company earned $0.27 EPS. As a group, analysts predict that SilverCrest Metals Inc. will post 0.9510067 earnings per share for the current fiscal year.

SilverCrest Metals Company Profile

SilverCrest is a Canadian precious metals producer headquartered in Vancouver, BC, with an ongoing initiative to increase its asset base by expanding current resources and reserves, acquiring, discovering and developing high value precious metals projects and ultimately operating multiple silver-gold mines in the Americas.