SilverCrest Metals Inc (AMEX: SILV) stock jumped 0.55% on Monday to $5.45 against a previous-day closing price of $5.42. With 0.62 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.13 million shares. During the session, the Other Precious Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $5.45 whereas the lowest price it dropped to was $5.23. 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. It currently has a 1-year price target of $6.68. Beta for the stock currently stands at 1.12.
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 6.86%, but this was up by 7.92% over a month. Three-month performance surged to 12.14% while six-month performance fell -19.26%. The stock lost -13.22% in the past year, while it has lost -9.17% so far this year. A look at the trailing 12-month EPS for SILV yields 0.57 with Next year EPS estimates of 0.44. For the next quarter, that number is 0.10. This implies an EPS growth rate of 2877.01% for this year and -31.92% for next year.
Float and Shares Shorts:
At present, 147.16 million SILV shares are outstanding with a float of 141.03 million shares on hand for trading. On Oct 30, 2023, short shares totaled 11.5 million, which was 7.81% higher than short shares on Sep 28, 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 President.
Institutional Ownership:
Through their ownership of 58.03% of SILV’s outstanding shares, institutional investors have majority control over the company.
Analysts Ratings:
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 $7.64 and a low target of $5.64, the average target price over the next 12 months is $6.68. Based on these targets, SILV could surge 40.18% to reach the target high and rise by 3.49% to reach the target low. Reaching the average price target will result in a growth of 22.57% from current levels.
Summary of Insider Activity:
Insiders traded SILV stock several times over the past three months with 21 Buys and 17 Sells. In these transactions, 732,000 shares were bought while 662,000 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 28 over the past year. The total number of shares bought during that period was 1,314,500 while 1,114,000 shares were sold.
