Stock Track | SilverCrest Metals Stock Drops Despite Strong Q2 Results and Raised Guidance

Stock Track08-08

SilverCrest Metals Inc (SILV) saw its stock price drop by 5.72% during intraday trading on May 20, 2024, despite reporting strong second-quarter 2024 financial results and raising its full-year guidance.

In its Q2 2024 earnings report, SilverCrest announced record quarterly revenue of $72.7 million, up from $63.6 million in Q1 2024. The company also reported record mine operating earnings of $41.5 million, with a 57% operating margin. Additionally, SilverCrest generated free cash flow of $24.3 million, or $0.16 per share, during the quarter.

Based on the strong performance in the first half of 2024, SilverCrest raised its full-year 2024 sales guidance to 10.0 to 10.3 million silver equivalent ounces, up from the previous range of 9.8 to 10.2 million ounces. The company also lowered its cash cost guidance to $9.25 to $9.75 per ounce and its all-in sustaining cost (AISC) guidance to $14.90 to $15.75 per ounce.

However, despite the positive operational and financial results, SilverCrest's earnings per share (EPS) of $0.04 missed analyst estimates of $0.11 by a significant margin. This earnings miss, coupled with potential concerns over rising costs or other factors, may have contributed to the stock's decline on the day.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1136528631?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-08 05:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1136528631","market":"us","top_or_hot":-1,"title":"Stock Track | SilverCrest Metals Stock Drops Despite Strong Q2 Results and Raised Guidance","media":"Stock Track","content":"<p>SilverCrest Metals Inc (SILV) saw its stock price drop by 5.72% during intraday trading on May 20, 2024, despite reporting strong second-quarter 2024 financial results and raising its full-year guidance.</p>\n\n<p>In its Q2 2024 earnings report, SilverCrest announced record quarterly revenue of $72.7 million, up from $63.6 million in Q1 2024. The company also reported record mine operating earnings of $41.5 million, with a 57% operating margin. Additionally, SilverCrest generated free cash flow of $24.3 million, or $0.16 per share, during the quarter.</p>\n\n<p>Based on the strong performance in the first half of 2024, SilverCrest raised its full-year 2024 sales guidance to 10.0 to 10.3 million silver equivalent ounces, up from the previous range of 9.8 to 10.2 million ounces. The company also lowered its cash cost guidance to $9.25 to $9.75 per ounce and its all-in sustaining cost (AISC) guidance to $14.90 to $15.75 per ounce.</p>\n\n<p>However, despite the positive operational and financial results, SilverCrest's earnings per share (EPS) of $0.04 missed analyst estimates of $0.11 by a significant margin. This earnings miss, coupled with potential concerns over rising costs or other factors, may have contributed to the stock's decline on the day.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | SilverCrest Metals Stock Drops Despite Strong Q2 Results and Raised Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | SilverCrest Metals Stock Drops Despite Strong Q2 Results and Raised Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n2024-08-08 05:38 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SilverCrest Metals Inc (SILV) saw its stock price drop by 5.72% during intraday trading on May 20, 2024, despite reporting strong second-quarter 2024 financial results and raising its full-year ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SILV","symbol_name":"SilverCrest Metals Inc","start_time":0,"source_url":"","article_id":"1136528631","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1136528631","pubTimestamp":1723066738,"sourceInfo":null,"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SilverCrest Metals Inc  saw its stock price drop by 5.72% during intraday trading on May 20, 2024, despite reporting strong second-quarter 2024 financial results and raising its full-year guidance.In its Q2 2024 earnings report, SilverCrest announced record quarterly revenue of $72.7 million, up from $63.6 million in Q1 2024. The company also reported record mine operating earnings of $41.5 million, with a 57% operating margin. Additionally, SilverCrest generated free cash flow of $24.3 million,","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SILV":"SilverCrest Metals Inc"},"translate_title":"尽管第二季度业绩强劲且指引上调，SilverCrest Metals股价仍下跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SILV":1},"content_text":"SilverCrest Metals Inc (SILV) saw its stock price drop by 5.72% during intraday trading on May 20, 2024, despite reporting strong second-quarter 2024 financial results and raising its full-year guidance.\nIn its Q2 2024 earnings report, SilverCrest announced record quarterly revenue of $72.7 million, up from $63.6 million in Q1 2024. The company also reported record mine operating earnings of $41.5 million, with a 57% operating margin. Additionally, SilverCrest generated free cash flow of $24.3 million, or $0.16 per share, during the quarter.\nBased on the strong performance in the first half of 2024, SilverCrest raised its full-year 2024 sales guidance to 10.0 to 10.3 million silver equivalent ounces, up from the previous range of 9.8 to 10.2 million ounces. The company also lowered its cash cost guidance to $9.25 to $9.75 per ounce and its all-in sustaining cost (AISC) guidance to $14.90 to $15.75 per ounce.\nHowever, despite the positive operational and financial results, SilverCrest's earnings per share (EPS) of $0.04 missed analyst estimates of $0.11 by a significant margin. This earnings miss, coupled with potential concerns over rising costs or other factors, may have contributed to the stock's decline on the day.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1136528631"}