Beacon Securities Comments on SilverCrest Metals Inc.’s FY2021 Earnings (SILV)

SilverCrest Metals Inc. (NASDAQ:SILV) – Research analysts at Beacon Securities boosted their FY2021 earnings per share estimates for shares of SilverCrest Metals in a report issued on Thursday, May 16th. Beacon Securities analyst M. Curran now forecasts that the company will post earnings per share of ($0.05) for the year, up from their previous forecast of ($0.06).

SILV has been the subject of several other reports. BMO Capital Markets began coverage on SilverCrest Metals in a research report on Wednesday, February 13th. They set an “outperform” rating and a $3.63 target price for the company. Macquarie reiterated a “buy” rating on shares of SilverCrest Metals in a research note on Tuesday, February 26th. Zacks Investment Research downgraded SilverCrest Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of SilverCrest Metals in a research note on Friday, April 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $3.63.

Shares of SilverCrest Metals stock opened at $3.65 on Monday. SilverCrest Metals has a 1 year low of $1.66 and a 1 year high of $3.89.

Hedge funds have recently bought and sold shares of the company. Neuberger Berman Group LLC bought a new position in shares of SilverCrest Metals during the 3rd quarter worth $37,000. Mirae Asset Global Investments Co. Ltd. bought a new position in SilverCrest Metals in the 4th quarter worth about $3,420,000. Tocqueville Asset Management L.P. bought a new position in SilverCrest Metals in the 1st quarter worth about $736,000. Intact Investment Management Inc. bought a new position in SilverCrest Metals in the 4th quarter worth about $1,191,000. Finally, Waratah Capital Advisors Ltd. bought a new position in SilverCrest Metals in the 1st quarter worth about $387,000.

SilverCrest Metals Company Profile

SilverCrest Metals Inc engages in the acquisition, exploration, and development of precious metal properties. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 27 concessions totaling approximately 1,389 hectares located in Sonora, Mexico.

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