SilverCrest Metals (NYSEAMERICAN:SILV) Stock Price Up 6.8% - Still a Buy?

SilverCrest Metals Inc. (NYSEAMERICAN:SILV - Get Free Report)'s share price was up 6.8% during mid-day trading on Friday . The stock traded as high as $10.98 and last traded at $10.97. Approximately 1,161,834 shares changed hands during trading, a decline of 29% from the average daily volume of 1,644,950 shares. The stock had previously closed at $10.27.

SilverCrest Metals Price Performance

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

SilverCrest Metals (NYSEAMERICAN:SILV - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.13). SilverCrest Metals had a return on equity of 33.11% and a net margin of 47.62%. The company had revenue of $72.74 million during the quarter. As a group, equities research analysts expect that SilverCrest Metals Inc. will post 0.54 EPS for the current 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.