SilverCrest Metals (NYSE:SILV) Rating Lowered to Hold at Ventum Cap Mkts

SilverCrest Metals (NYSE:SILV) was downgraded by stock analysts at Ventum Cap Mkts from a “strong-buy” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

Separately, Scotiabank lifted their price objective on shares of SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th.

SilverCrest Metals Trading Down 2.9 %

SILV stock opened at $9.84 on Friday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 11.86 and a beta of 1.23. The firm has a 50 day simple moving average of $8.76. SilverCrest Metals has a 12-month low of $4.44 and a 12-month high of $10.58.

SilverCrest Metals (NYSE:SILV) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The business had revenue of $72.74 million during the quarter. SilverCrest Metals had a net margin of 40.61% and a return on equity of 25.66%. On average, equities research analysts anticipate that SilverCrest Metals will post 0.62 earnings per share for the current year.

Institutional Trading of SilverCrest Metals

Several hedge funds have recently made changes to their positions in SILV. Allspring Global Investments Holdings LLC purchased a new stake in SilverCrest Metals in the 2nd quarter worth about $2,467,000. Fermata Advisors LLC purchased a new position in shares of SilverCrest Metals in the second quarter worth about $99,000. Renaissance Technologies LLC raised its position in shares of SilverCrest Metals by 2,768.5% in the second quarter. Renaissance Technologies LLC now owns 445,300 shares of the company’s stock valued at $3,629,000 after purchasing an additional 429,776 shares during the period. TD Asset Management Inc lifted its stake in shares of SilverCrest Metals by 16.4% during the 2nd quarter. TD Asset Management Inc now owns 2,113,126 shares of the company’s stock valued at $17,265,000 after buying an additional 297,365 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of SilverCrest Metals during the 2nd quarter valued at approximately $213,000. 44.75% of the stock is currently owned by institutional investors.

About SilverCrest Metals

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.