SilverCrest Metals (NYSEAMERICAN:SILV) Trading 3.8% Higher

Shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILV) rose 3.8% during mid-day trading on Thursday . The company traded as high as $5.49 and last traded at $5.49. Approximately 90,631 shares were traded during trading, a decline of 92% from the average daily volume of 1,192,420 shares. The stock had previously closed at $5.29.

SilverCrest Metals Stock Down 0.7 %

The company has a market cap of $790.29 million, a P/E ratio of 9.41 and a beta of 1.12.

SilverCrest Metals (NYSEAMERICAN:SILV) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $63.83 million during the quarter, compared to analysts’ expectations of $46.76 million. SilverCrest Metals had a return on equity of 26.78% and a net margin of 38.31%. On average, equities research analysts forecast that SilverCrest Metals Inc. will post 0.68 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Sprott Inc. lifted its holdings in shares of SilverCrest Metals by 8.4% in the third quarter. Sprott Inc. now owns 9,347,721 shares of the company’s stock valued at $44,618,000 after purchasing an additional 722,417 shares in the last quarter. Gotham Asset Management LLC bought a new position in SilverCrest Metals during the 3rd quarter valued at $239,000. Invesco Ltd. boosted its holdings in SilverCrest Metals by 0.9% during the 3rd quarter. Invesco Ltd. now owns 4,732,026 shares of the company’s stock worth $20,868,000 after acquiring an additional 42,589 shares during the last quarter. Rathbones Group PLC bought a new stake in shares of SilverCrest Metals in the 3rd quarter worth $140,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of SilverCrest Metals in the 3rd quarter worth $92,000. 44.43% of the stock is currently owned by institutional investors and hedge funds.

About SilverCrest Metals

SilverCrest Metals Inc engages in the exploration and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its principal property includes the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico.