SilverCrest Metals Inc. (SILV) Expected to Announce Earnings of -$0.02 Per Share
Wall Street brokerages expect that SilverCrest Metals Inc. (NASDAQ:SILV) will announce earnings of ($0.02) per share for the current quarter, according to Zacks. Zero analysts have issued estimates for SilverCrest Metals’ earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.02). SilverCrest Metals also reported earnings per share of ($0.02) during the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Friday, May 17th.
According to Zacks, analysts expect that SilverCrest Metals will report full-year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.08) to ($0.03). For the next financial year, analysts expect that the business will report earnings of ($0.05) per share, with EPS estimates ranging from ($0.07) to ($0.03). Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for SilverCrest Metals.
A number of equities research analysts have weighed in on SILV shares. Macquarie reissued a “buy” rating on shares of SilverCrest Metals in a report on Tuesday, February 26th. Beacon Securities reissued a “buy” rating on shares of SilverCrest Metals in a report on Thursday, January 10th. Zacks Investment Research raised shares of SilverCrest Metals from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets started coverage on shares of SilverCrest Metals in a report on Wednesday, February 13th. They set an “outperform” rating and a $3.63 target price on the stock. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. SilverCrest Metals presently has an average rating of “Buy” and a consensus price target of $3.63.
Shares of SilverCrest Metals stock traded down $0.04 during midday trading on Monday, hitting $3.26. 100,200 shares of the company traded hands, compared to its average volume of 76,665. SilverCrest Metals has a 12 month low of $1.58 and a 12 month high of $3.89.
About SilverCrest Metals
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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