Desjardins Weighs in on SilverCrest Metals Inc.’s FY2023 Earnings (TSE:SIL)

Posted by on May 18th, 2023

SilverCrest Metals Inc. (TSE:SIL – Get Rating) – Equities researchers at Desjardins upped their FY2023 earnings estimates for SilverCrest Metals in a note issued to investors on Sunday, May 14th. Desjardins analyst J. Egilo now anticipates that the company will post earnings of $0.89 per share for the year, up from their previous forecast of $0.56. The consensus estimate for SilverCrest Metals’ current full-year earnings is $0.56 per share. Desjardins also issued estimates for SilverCrest Metals’ FY2024 earnings at $0.89 EPS.

SilverCrest Metals Stock Performance

TSE SIL opened at C$9.27 on Wednesday. The company’s 50 day moving average is C$9.14 and its 200-day moving average is C$8.54. SilverCrest Metals has a 12-month low of C$6.30 and a 12-month high of C$10.19. The company has a quick ratio of 9.14, a current ratio of 3.03 and a debt-to-equity ratio of 18.04. The firm has a market cap of C$1.36 billion, a P/E ratio of 31.97 and a beta of 0.93.

SilverCrest Metals (TSE:SIL – Get Rating) last posted its quarterly earnings results on Monday, March 13th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.02). SilverCrest Metals had a net margin of 71.94% and a return on equity of 11.48%. The business had revenue of C$55.38 million during the quarter.

SilverCrest Metals Company Profile

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SilverCrest Metals Inc explores for and develops precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its principal property includes the Las Chispas project that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico.

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Earnings History and Estimates for SilverCrest Metals (TSE:SIL)

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