SilverCrest Metals Inc. has shown strong stock performance, driven by excellent operations at Las Chispas mine and a share-based acquisition offer from Coeur Mining. Q4 2024 saw a slight production dip but still impressive results, with record revenues of $85M and a significant cash increase. The company has a solid financial position with $193M in cash and bullion, and no debt, which might justify a premium valuation.
SilverCrest Metals Inc. (NYSE:SILV ) Q3 2024 Results Conference Call November 13, 2024 11:00 AM ET Company Participants Eric Fier - CEO & Director Rob Doyle - Interim Chief Financial Officer Chris Ritchie - President Cliff Lafleur - VP, Technical Services Operator Good morning, ladies and gentlemen. Welcome to the SilverCrest Metals Third Quarter 2024 Results Call.
SilverCrest Metals' Las Chispas mine in Mexico has shown excellent margins and impressive cash flows since production began. Coeur Mining's acquisition offer for SilverCrest, valued at $1.7B, has further boosted the stock, with the transaction expected to close in late Q1 2025. Q3 2024 results showed solid production with 2.60Moz AgEq, record revenues of $80M, and a strong liquidity position of $158M in cash and bullion.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
SilverCrest boasts low mining costs, little debt, and a strong cash position, making it a high-margin, financially flexible investment in the precious metals sector. The recent stock price dip presents a buying opportunity, especially if silver and gold prices continue to rise, enhancing SilverCrest's underlying worth. I rate SilverCrest a Buy under $7.50, with potential upside to $15-$20 in 2–3 years, leveraging its strong financials and a long-term monetary metals' uptrend.
SilverCrest Metals is a high-quality silver miner with a low-cost mine in Mexico, listed in Canada and the U.S. Q2 2024 results show record production, strong financials, debt-free status, and potential for acquisitions. Despite strong performance, lack of share buybacks raises questions about the attractiveness of the share price.
SilverCrest Metals (SILV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
SilverCrest Metals (SILV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
SilverCrest Metals (SILV) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.