SilverCrest Metals (NYSEAMERICAN:SILV) Stock Price Down 2.9%

SilverCrest Metals Inc. (NYSEAMERICAN:SILV) shares dropped 2.9% on Wednesday . The company traded as low as $9.24 and last traded at $9.27. Approximately 252,954 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,519,241 shares. The stock had previously closed at $9.55.

SilverCrest Metals Price Performance

The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 12.24 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILV) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.13). The company had revenue of $72.74 million during the quarter. SilverCrest Metals had a net margin of 47.62% and a return on equity of 33.11%. As a group, research analysts forecast that SilverCrest Metals Inc. will post 0.54 EPS for the current fiscal year.

Institutional Trading of SilverCrest Metals

Several large investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its stake in SilverCrest Metals by 1.7% during the 4th quarter. CIBC Asset Management Inc now owns 189,825 shares of the company’s stock valued at $1,249,000 after purchasing an additional 3,186 shares during the period. Principal Securities Inc. acquired a new stake in SilverCrest Metals during the 4th quarter valued at $33,000. Finally, Russell Investments Group Ltd. acquired a new stake in SilverCrest Metals during the 4th quarter valued at $86,000. 44.75% of the stock is owned by institutional investors and hedge funds.

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.