CA - SilverCrest Metals: Another Strong Quarter But The Stock Is More Fairly Valued Now
2024-05-15 08:00:17 ET
Summary
- SilverCrest Metals is a Canadian silver and gold mining company, with its main value coming from the Las Chispas mine in Mexico.
- The company has been delivering strong operational results and has seen a significant increase in its stock price.
- SILV's Q1 2024 results showed a slight increase in production volumes and strong grades and recoveries.
- The market is now giving SilverCrest more credit for the work at Las Chispas compared to last year, even if the buybacks and strong metal prices have helped as well.
Overview
SilverCrest Metals ( SILV ) is a Canadian silver & gold mining company that is listed in both the U.S. and Canada ( SIL:CA ). The reporting currency is U.S. Dollars. The company owns the low-cost Mexican silver and gold mine Las Chispas, which has been in commercial production for about 18 months. I have downgraded the stock from a "buy" to a "hold" following the recent strong stock price performance....
SilverCrest Metals: Another Strong Quarter, But The Stock Is More Fairly Valued Now