From Nasdaq:



SilverCrest Metals Inc. (SILV) has been upgraded to a Zacks Rank #2, indicating a positive outlook for the company’s earnings. Such rating upgrades positively impact stock prices. Investors can benefit from tracking earnings estimate revisions. Analysts have steadily raised estimates for SilverCrest Metals Inc. over the past three months. The upgrade positions it in the top 20% of Zacks-covered stocks, indicating potential for the stock to move higher in the near term.

The Zacks Rank stock-rating system uses earnings estimates to classify stocks into five groups. SilverCrest Metals Inc. is expected to earn $0.71 per share for the fiscal year ending December 2023, representing a year-over-year change of 238.1%. This will mark an improvement in the company’s underlying business trend, potentially pushing the stock higher. Unlike Wall Street analysts, the Zacks rating system maintains an equal proportion of ‘buy’ and ‘sell’ ratings, indicating the potential for market-beating returns.



Read more: What Makes SilverCrest Metals Inc. (SILV) a New Buy Stock