SilverCrest Metals Inc. (AMEX: SILV) stock fell -0.84% on Monday to $4.72 against a previous-day closing price of $4.76. With 0.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.31 million shares. During the session, the Other Precious Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $4.7850 whereas the lowest price it dropped to was $4.6600. The 52-week range on SILV shows that it touched its highest point at $7.56 and its lowest point at $4.16 during that stretch. Beta for the stock currently stands at 1.07.
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 3.06%, but this was down by -0.21% over a month. Three-month performance dropped to -21.72% while six-month performance fell -27.72%. The stock lost -13.55% in the past year, while it has lost -21.33% so far this year.
Float and Shares Shorts:
At present, 147.23 million SILV shares are outstanding with a float of 140.99 million shares on hand for trading. On Aug 30, 2023, short shares totaled 11.12 million, which was 7.55% higher than short shares on Jul 30, 2023. 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.
Other institutions hold — of SILV, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 5.34% stake in SILV, the VanEck Gold Miners ETF is the largest stakeholder. A total of 7,864,803 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 3.76% of SILV stock, is the second-largest Mutual Fund holder. It holds 5,533,730 shares valued at 27.39 million. Invesco Gold and Special Minerals holds 3.05% of the stake in SILV, owning 4,486,667 shares worth 22.21 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, SILV reported revenue of $0.00 and operating income of -$3.11M. The EBITDA in the recently reported quarter was -$2.34M and diluted EPS was $0.06.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SILV since 0 analysts follow the stock currently. 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 $7.65 and a low target of $5.55, the average target price over the next 12 months is $6.88. Based on these targets, SILV could surge 62.08% to reach the target high and rise by 17.58% to reach the target low. Reaching the average price target will result in a growth of 45.76% 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.
Summary of Insider Activity:
Insiders traded SILV stock several times over the past three months with 5 Buys and 0 Sells. In these transactions, 45,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 11 over the past year. The total number of shares bought during that period was 647,500 while 452,000 shares were sold.