SilverCrest Metals Target of Unusually High Options Trading (NYSE:SILV)

SilverCrest Metals Inc. (NYSE:SILV) was the recipient of unusually large options trading on Wednesday. Investors bought 5,745 call options on the stock. This is an increase of 168% compared to the typical daily volume of 2,142 call options.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SILV shares. Scotiabank boosted their price objective on SilverCrest Metals from $8.50 to $9.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th. Ventum Cap Mkts downgraded SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th.

SilverCrest Metals Trading Down 1.0 %

SILV stock opened at $11.53 on Thursday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 13.89 and a beta of 1.23. The firm has a 50 day simple moving average of $9.27. SilverCrest Metals has a 12-month low of $4.79 and a 12-month high of $11.91.

SilverCrest Metals (NYSE:SILV) last released its 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 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 0.59 earnings per share for the current year.

Hedge Funds Weigh In On SilverCrest Metals

Several institutional investors have recently modified their holdings of SILV. Toronto Dominion Bank lifted its stake in SilverCrest Metals by 40.7% in the second quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock valued at $35,000 after purchasing an additional 1,225 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in SilverCrest Metals by 3.2% in the second quarter. Commonwealth Equity Services LLC now owns 89,419 shares of the company’s stock valued at $729,000 after purchasing an additional 2,744 shares during the last quarter. Blue Trust Inc. lifted its stake in SilverCrest Metals by 194.1% in the third quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock valued at $47,000 after purchasing an additional 3,379 shares during the last quarter. Mather Group LLC. purchased a new position in SilverCrest Metals in the second quarter valued at approximately $28,000. Finally, NewEdge Advisors LLC lifted its stake in SilverCrest Metals by 3.5% in the second quarter. NewEdge Advisors LLC now owns 145,375 shares of the company’s stock valued at $1,185,000 after purchasing an additional 4,957 shares during the last quarter. 44.75% of the stock is 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.