Are Analysts Too Bullish On SilverCrest Metals Inc (SILV)

SilverCrest Metals Inc (AMEX:SILV) currently has a daily average trading volume of 1.60M but it saw 1796457 shares traded in last market. With a market cap of 1.20B USD, the company’s current market price of $8.15 came rising about 3.95 while comparing to the previous closing price of $7.84. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.92 and as low as $4.16.

Taking a look at 20-day trading activity of SilverCrest Metals Inc (SILV) gives us an average price of $7.23, while its current price level is 2.90% below from 52-week high level whereas it is 95.91% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.34 while that of 200 days or SMA-200 reads an average of $5.65. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.15% during that period while stretching the period over a month that decreases to 4.57%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 68.20 which implies that the stock is in neutral territory.

Over the week, SILV’s stock price is moving 14.15% up while it is 23.30% when we observe its performance for the past one month. Year-to-date it is 24.43% up and over the past year, the stock is showing an upside performance of 22.56%.

The latest quarterly earnings report issued by the company was for quarter ended 12/31/2023, when its quarterly earnings per share (EPS) of $0.25 beat the consensus estimate of $0.1 for the same. For SILV, analysts are forecasting an EPS-growth rate of -55.70% for current year and estimate for EPS growth in next year is -2.90%. Moreover, analysts are in estimates of $46.48 million for current-quarter revenue.

Currently, SilverCrest Metals Inc’s total number of outstanding shares is 146.94M. Company’s return on investment (ROI) stands at 29.00% and return on equity (ROE) at 34.36%. It has a price to earnings ratio (P/E ratio) of 10.42 while having a 16.54 of forward P/E ratio. Stock’s beta reads 1.23. Stock has a price to book (P/B) ratio of 2.98 while price to sale or P/S ratio amounts to 4.89. Its return on asset (ROA) is 28.62% on average.