Factors Likely to Have Influenced Earnings Results SilverCrest Metals (NYSE:SILV)

Earnings results for SilverCrest Metals (NYSE:SILV)

SilverCrest Metals Inc. is estimated to report earnings on 11/10/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.08. The reported EPS for the same quarter last year was $-0.02.

SilverCrest Metals last issued its earnings results on August 12th, 2020. The reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.03. SilverCrest Metals has generated ($0.50) earnings per share over the last year.

Analyst Opinion on SilverCrest Metals (NYSE:SILV)

1 Wall Street analysts have issued ratings and price targets for SilverCrest Metals in the last 12 months. Their average twelve-month price target is $15.50, predicting that the stock has a possible upside of 54.69%. The high price target for SILV is $15.50 and the low price target for SILV is $15.50. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”

SilverCrest Metals has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $15.50, SilverCrest Metals has a forecasted upside of 54.7% from its current price of $10.02. SilverCrest Metals has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: SilverCrest Metals (NYSE:SILV)

SilverCrest Metals does not currently pay a dividend. SilverCrest Metals does not have a long track record of dividend growth.

Insiders buying/selling: SilverCrest Metals (NYSE:SILV)

In the past three months, SilverCrest Metals insiders have not sold or bought any company stock. Only 4.07% of the stock of SilverCrest Metals is held by insiders. 39.28% of the stock of SilverCrest Metals is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of SilverCrest Metals (NYSE:SILV

Earnings for SilverCrest Metals are expected to grow in the coming year, from ($0.25) to ($0.17) per share. The P/E ratio of SilverCrest Metals is -25.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of SilverCrest Metals is -25.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. SilverCrest Metals has a P/B Ratio of 11.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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