SilverCrest Metals Inc. (TSE:SIL) to Post Q4 2023 Earnings of $0.19 Per Share, Raymond James Forecasts

SilverCrest Metals Inc. (TSE:SILFree Report) – Research analysts at Raymond James lifted their Q4 2023 earnings per share estimates for SilverCrest Metals in a research note issued on Tuesday, January 30th. Raymond James analyst C. Stanley now anticipates that the company will post earnings per share of $0.19 for the quarter, up from their previous estimate of $0.17. The consensus estimate for SilverCrest Metals’ current full-year earnings is $0.69 per share. Raymond James also issued estimates for SilverCrest Metals’ Q1 2024 earnings at $0.18 EPS, Q2 2024 earnings at $0.16 EPS, Q3 2024 earnings at $0.16 EPS, Q4 2024 earnings at $0.16 EPS and FY2024 earnings at $0.66 EPS.

SilverCrest Metals Stock Performance

Shares of TSE:SIL opened at C$7.43 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.97 and a quick ratio of 9.14. The business’s 50 day moving average price is C$8.43 and its 200-day moving average price is C$7.31. The firm has a market capitalization of C$1.08 billion, a PE ratio of 9.53 and a beta of 1.12. SilverCrest Metals has a 1 year low of C$5.54 and a 1 year high of C$10.19.

SilverCrest Metals (TSE:SILGet Free Report) last issued its quarterly earnings results on Wednesday, November 8th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.24 by C$0.03. The firm had revenue of C$85.63 million for the quarter, compared to analyst estimates of C$64.30 million. SilverCrest Metals had a return on equity of 27.41% and a net margin of 38.30%.

SilverCrest Metals Company Profile

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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.

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