Desjardins Increases SilverCrest Metals Earnings Per Share Estimates for FY2023
May 20, 2023
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SILVERCREST ($TSX:SIL): SilverCrest Metals Inc. is a precious metals exploration and development company headquartered in Vancouver, Canada. SilverCrest Metals Inc. has made significant progress in increasing production at the Las Chispas Mine, which has become a major contributor to the company’s success. Desjardins recently released a research note, in which they increased their estimated FY2023 earnings per share for SilverCrest Metals Inc. This new estimate comes as a result of the company’s increased production at the Las Chispas Mine, combined with improved costs and higher metal prices. The research note indicates that SilverCrest Metals Inc. is well-positioned to benefit from the current market conditions and that investors should consider buying shares in the company.
The research note from Desjardins highlights the potential of SilverCrest Metals Inc., and serves as a testament to the company’s hard work and dedication in increasing production and reducing costs at the Las Chispas Mine. As SilverCrest Metals Inc. continues to succeed, investors may be encouraged to jump on board to benefit from the company’s growth.
Earnings
Desjardins recently released their earning report for SilverCrest Metals Inc. (SILVERCREST METALS) for the fiscal year 2023 first quarter ending March 31, 2023. According to the report, SILVERCREST METALS earned 57.98M USD in total revenue and 27.16M USD in net income, representing a 410.4% decrease from the previous year. In the last three years, SILVERCREST METALS’s total revenue has grown from 0.0M USD to 57.98M USD. These figures indicate that Desjardins has increased their earnings per share estimate for SILVERCREST METALS for FY2023.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Silvercrest Metals. More…
| Total Revenues | Net Income | Net Margin |
| 101.49 | 67.21 | 37.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Silvercrest Metals. More…
| Operations | Investing | Financing |
| 30.45 | -57.71 | -73.03 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Silvercrest Metals. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 362.26 | 56.91 | 2.07 |
Key Ratios Snapshot
Some of the financial key ratios for Silvercrest Metals are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.0% | – | 81.9% |
| FCF Margin | ROE | ROA |
| -28.1% | 17.8% | 14.3% |
Share Price
On Wednesday, SilverCrest Metals Inc. (SILVERCREST) stock opened at CA$9.2 and closed at CA$9.3, down by 0.3% from its previous closing price of CA$9.3. The increase in the EPS estimates indicates that the company is on a good trajectory for future growth. This has been reflected in the stock’s performance, despite the slight drop on Wednesday.
Investors are likely to remain optimistic about the company’s future prospects and continue to show support for its stock. It remains to be seen what the coming months will bring for the company, but the current outlook looks promising. Live Quote…
Analysis
As GoodWhale, we have conducted an analysis of SILVERCREST METALS‘s wellbeing. According to our Risk Rating, SILVERCREST METALS is a high risk investment in terms of financial and business aspects. This means that there is a high potential for the company to experience financial difficulty in the near future. Upon further investigation, we have detected 4 risk warnings in income sheet, balance sheet, cashflow statement, and financial journal. If you would like to access this detailed report, please register on goodwhale.com. We are confident that our detailed analysis will provide you with the necessary information to make an informed decision about investing in SILVERCREST METALS. More…
Peers
The company also has several advanced-stage development projects in Mexico and Canada. SilverCrest’s competitors include Silver Scott Mines Inc, Madoro Metals Corp, and Golden Minerals Co.
– Silver Scott Mines Inc ($OTCPK:SILS)
Madoro Metals Corp is a Canadian company that explores for and develops mineral properties. The company’s focus is on the advancement of its El Madroño Property, a gold-copper-silver project located in Mexico. Madoro Metals Corp has a market cap of 1.71M as of 2022. The company’s Return on Equity is -10.48%.
– Madoro Metals Corp ($OTCPK:MSTXF)
Golden Minerals Co is a US-based company engaged in the business of acquiring, exploring, and developing mineral properties. The company has a market capitalization of $44.75 million as of 2022 and a return on equity of -4.72%. Golden Minerals Co is involved in the mining and exploration of gold, silver, and other metals in Mexico and South America.
Summary
SilverCrest Metals Inc. is a precious metals exploration and mining company based in Toronto, Canada. It is focused on the exploration and development of high-grade silver and gold projects in Mexico and Canada. Recently, Desjardins upgraded their earnings per share (EPS) estimates for SilverCrest Metal’s stock for the fiscal year 2023. Investment analysts are optimistic about SilverCrest Metal’s future growth potential, given the growth in global industrial and technological applications of silver and gold.
Investors should consider the quality of the company’s management, current assets, financial performance, competitive position, and risk factors when analyzing the stock. Furthermore, investors should keep an eye out for the news about the company’s exploration activities in Mexico and Canada, as well as any updates in its financial statements.
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