FY2019 Earnings Forecast for SilverCrest Metals Inc. Issued By National Bank Financial (SILV)
SilverCrest Metals Inc. (NASDAQ:SILV) – National Bank Financial lifted their FY2019 EPS estimates for SilverCrest Metals in a research report issued on Wednesday, May 15th. National Bank Financial analyst D. Demarco now anticipates that the company will earn ($0.07) per share for the year, up from their previous forecast of ($0.08). National Bank Financial also issued estimates for SilverCrest Metals’ FY2020 earnings at ($0.06) EPS and FY2021 earnings at ($0.08) EPS.
SILV has been the topic of a number of other research reports. Canaccord Genuity reiterated a “buy” rating on shares of SilverCrest Metals in a report on Friday, April 26th. Zacks Investment Research downgraded shares of SilverCrest Metals from a “hold” rating to a “sell” rating in a research note on Saturday, April 27th. Macquarie reissued a “buy” rating on shares of SilverCrest Metals in a research note on Tuesday, February 26th. Finally, BMO Capital Markets began coverage on shares of SilverCrest Metals in a research note on Wednesday, February 13th. They set an “outperform” rating and a $3.63 target price for the company. Five investment analysts have rated the stock with a buy rating, SilverCrest Metals has a consensus rating of “Buy” and a consensus price target of $3.82.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in SilverCrest Metals during the fourth quarter worth $3,420,000. EAM Global Investors LLC bought a new position in SilverCrest Metals during the first quarter worth $2,430,000. ETF Managers Group LLC raised its stake in SilverCrest Metals by 25.8% during the fourth quarter. ETF Managers Group LLC now owns 430,837 shares of the company’s stock worth $1,259,000 after buying an additional 88,424 shares during the last quarter. Intact Investment Management Inc. bought a new position in SilverCrest Metals during the fourth quarter worth $1,191,000. Finally, 1832 Asset Management L.P. bought a new stake in SilverCrest Metals in the fourth quarter valued at $877,000.
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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