SilverCrest Metals (TSE:SIL) Lowered to “Hold” at Scotiabank

Scotiabank cut shares of SilverCrest Metals (TSE:SIL) from a strong-buy rating to a hold rating in a report released on Thursday morning, Zacks.com reports.

Separately, Desjardins downgraded shares of SilverCrest Metals from a buy rating to a hold rating in a research report on Monday, March 11th.

SilverCrest Metals Stock Down 2.4 %

Shares of SilverCrest Metals stock opened at C$11.78 on Thursday. The firm’s 50 day moving average price is C$10.52 and its 200-day moving average price is C$8.81. 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$12.70. The company has a market cap of C$1.73 billion, a P/E ratio of 10.33 and a beta of 1.07.

SilverCrest Metals (TSE:SIL) last issued its quarterly earnings data on Monday, March 11th. The company reported C$0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.13. SilverCrest Metals had a net margin of 49.21% and a return on equity of 33.24%. The firm had revenue of C$83.49 million for the quarter. On average, sell-side analysts predict that SilverCrest Metals will post 0.8481605 EPS for the current fiscal year.

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.