SilverCrest Metals Inc. to Post Q1 2024 Earnings of $0.16 Per Share, Cormark Forecasts (TSE:SIL)

SilverCrest Metals Inc. (TSE:SIL) – Cormark issued their Q1 2024 earnings estimates for shares of SilverCrest Metals in a research report issued to clients and investors on Monday, April 22nd. Cormark analyst N. Dion forecasts that the company will earn $0.16 per share for the quarter. The consensus estimate for SilverCrest Metals’ current full-year earnings is $0.56 per share.

SilverCrest Metals (TSE:SIL) last released its earnings results on Monday, March 11th. The company reported C$0.33 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.13. The business had revenue of C$83.49 million during the quarter. SilverCrest Metals had a net margin of 47.62% and a return on equity of 34.36%.

Separately, Desjardins downgraded shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a research report on Monday, March 11th.

SilverCrest Metals Stock Performance

TSE:SIL opened at C$10.69 on Tuesday. The company has a market capitalization of C$1.57 billion, a PE ratio of 9.90 and a beta of 1.12. The company has a 50 day simple moving average of C$8.57 and a two-hundred day simple moving average of C$8.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 9.14 and a current ratio of 3.45. SilverCrest Metals has a fifty-two week low of C$5.54 and a fifty-two week high of C$10.88.

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.