SilverCrest Metals Inc. to Post Q1 2024 Earnings of $0.16 Per Share, Cormark Forecasts (TSE:SIL)

SilverCrest Metals Inc. (TSE:SIL) – Cormark issued their Q1 2024 EPS estimates for shares of SilverCrest Metals in a research note issued to investors on Monday, April 22nd. Cormark analyst N. Dion forecasts that the company will earn $0.16 per share for the quarter. The consensus estimate for SilverCrest Metals’ current full-year earnings is $0.56 per share.

SilverCrest Metals (TSE:SIL) last announced its quarterly earnings results on Monday, March 11th. The company reported C$0.33 EPS for the quarter, topping the consensus estimate of C$0.20 by C$0.13. SilverCrest Metals had a net margin of 47.62% and a return on equity of 34.36%. The company had revenue of C$83.49 million for the quarter.

Separately, Desjardins lowered shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.

SilverCrest Metals Stock Performance

Shares of SIL opened at C$10.28 on Tuesday. The company’s fifty day moving average is C$8.49 and its 200-day moving average is C$8.03. SilverCrest Metals has a 12 month low of C$5.54 and a 12 month high of C$10.88. The firm has a market cap of C$1.51 billion, a price-to-earnings ratio of 9.52 and a beta of 1.12. The company has a quick ratio of 9.14, a current ratio of 3.45 and a debt-to-equity ratio of 0.07.

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.