SilverCrest Metals (NYSEAMERICAN:SILV) Shares Gap Up – Time to Buy?

SilverCrest Metals Inc. (NYSEAMERICAN:SILV)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $11.13, but opened at $11.64. SilverCrest Metals shares last traded at $11.79, with a volume of 832,866 shares trading hands.

SilverCrest Metals Price Performance

The stock has a market capitalization of $1.68 billion, a P/E ratio of 14.27 and a beta of 1.22.

SilverCrest Metals (NYSEAMERICAN:SILV) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). The business 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%. Analysts forecast that SilverCrest Metals Inc. will post 0.54 EPS for the current fiscal year.

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.