SilverCrest Metals (TSE:SIL) Trading 7.8% Higher – Should You Buy?

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

Wall Street Analysts Forecast Growth

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

SilverCrest Metals Stock Down 3.9 %

The firm has a market capitalization of C$2.26 billion, a PE ratio of 15.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.87 and a quick ratio of 9.14. The company has a 50-day moving average price of C$14.25 and a 200 day moving average price of C$13.36.

SilverCrest Metals (TSE:SIL) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.24 EPS for the quarter, hitting analysts’ consensus estimates of C$0.24. SilverCrest Metals had a return on equity of 26.79% and a net margin of 40.61%. During the same period in the previous year, the firm posted $0.27 EPS. Analysts forecast that SilverCrest Metals Inc. will post 0.9510067 earnings per share for the current 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.