SilverCrest Metals Inc. (AMEX: SILV) stock jumped 4.53% on Tuesday to $6.69 against a previous-day closing price of $6.40. With 1.39 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.38 million shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $6.75 whereas the lowest price it dropped to was $6.33. The 52-week range on SILV shows that it touched its highest point at $10.13 and its lowest point at $4.58 during that stretch. It currently has a 1-year price target of $10.00.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SILV was up-trending over the past week, with a rise of 2.92%, but this was up by 10.03% over a month. Three-month performance surged to 25.99% while six-month performance rose 17.57%. The stock lost -16.89% in the past year, while it has gained 11.50% so far this year. A look at the trailing 12-month EPS for SILV yields 0.11 with Next year EPS estimates of 0.68. For the next quarter, that number is 0.00. This implies an EPS growth rate of 187.50% for this year and 385.70% for next year.
Float and Shares Shorts:
At present, 147.16 million SILV shares are outstanding with a float of 140.36 million shares on hand for trading. On Oct 13, 2022, short shares totaled 5.81 million, which was 3.97% higher than short shares on Sep 14, 2022. In addition to Mr. Nathan Eric Fier CPG., P.Eng. as the firm’s Founder, CEO & Director, Mr. Christopher Ritchie M.B.A. serves as its Pres.
Through their ownership of 52.13% of SILV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold — of SILV, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 5.21% stake in SILV, the VanEck Gold Miners ETF is the largest stakeholder. A total of 7,627,591 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 4.26% of SILV stock, is the second-largest Mutual Fund holder. It holds 6,233,713 shares valued at 37.4 million. ETFMG Prime Junior Silver ETF holds 3.37% of the stake in SILV, owning 4,936,118 shares worth 29.62 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SILV since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SILV analysts setting a high price target of $10.39 and a low target of $7.82, the average target price over the next 12 months is $9.76. Based on these targets, SILV could surge 55.31% to reach the target high and rise by 16.89% to reach the target low. Reaching the average price target will result in a growth of 45.89% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SILV will report FY 2022 earnings on 03/22/2024. Analysts have provided yearly estimates in a range of $0.14 being high and -$0.10 being low. For SILV, this leads to a yearly average estimate of $0.01. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. SilverCrest Metals Inc. surprised analysts by $0.20 when it reported $0.17 EPS against a consensus estimate of -$0.03. The surprise factor in the prior quarter was $0.07. Based on analyst estimates, the high estimate for the next quarter is $0.01 and the low estimate is -$0.03. The average estimate for the next quarter is thus -$0.00.
Summary of Insider Activity:
Insiders traded SILV stock several times over the past three months with 8 Buys and 10 Sells. In these transactions, 537,500 shares were bought while 447,000 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 50 over the past year. The total number of shares bought during that period was 1,567,500 while 1,723,100 shares were sold.