SilverCrest Metals (NYSEAMERICAN:SILV) Trading 6.8% Higher – Still a Buy?

SilverCrest Metals Inc. (NYSEAMERICAN:SILV) traded up 6.8% on Friday . The company traded as high as $10.98 and last traded at $10.97. 1,161,834 shares changed hands during trading, a decline of 29% from the average session volume of 1,644,950 shares. The stock had previously closed at $10.27.

SilverCrest Metals Price Performance

The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 14.27 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILV) last announced its earnings results 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 firm had revenue of $72.74 million for the quarter. SilverCrest Metals had a return on equity of 33.11% and a net margin of 47.62%. As a group, equities analysts expect that SilverCrest Metals Inc. will post 0.54 EPS for the current fiscal year.

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.