ABC Arbitrage SA purchased a new position in SilverCrest Metals Inc. (NYSE:SILV - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 485,931 shares of the company's stock, valued at approximately $4,422,000. ABC Arbitrage SA owned approximately 0.33% of SilverCrest Metals at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in SilverCrest Metals by 8.3% during the 3rd quarter. Van ECK Associates Corp now owns 14,114,981 shares of the company's stock worth $130,564,000 after acquiring an additional 1,083,681 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of SilverCrest Metals by 8.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,216,200 shares of the company's stock worth $20,563,000 after purchasing an additional 180,200 shares during the period. JPMorgan Chase & Co. raised its position in shares of SilverCrest Metals by 44.1% in the third quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company's stock worth $10,585,000 after buying an additional 350,294 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in SilverCrest Metals by 35.9% during the third quarter. The Manufacturers Life Insurance Company now owns 403,574 shares of the company's stock valued at $3,749,000 after buying an additional 106,539 shares during the period. Finally, PDT Partners LLC grew its position in SilverCrest Metals by 60.8% during the third quarter. PDT Partners LLC now owns 378,945 shares of the company's stock worth $3,505,000 after buying an additional 143,220 shares in the last quarter. 44.75% of the stock is currently owned by institutional investors.
SilverCrest Metals Stock Performance
Shares of NYSE:SILV remained flat at $11.55 on Wednesday. The company has a market capitalization of $1.72 billion, a PE ratio of 20.26 and a beta of 1.21. The stock has a fifty day moving average price of $10.20 and a two-hundred day moving average price of $9.77. SilverCrest Metals Inc. has a 1 year low of $4.83 and a 1 year high of $11.98.
SilverCrest Metals Company Profile
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Free Report)
SilverCrest Metals Inc engages in the acquiring, exploration, and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its focuses on principal property the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico, as well as operates a portfolio of El Picacho, Cruz de Mayo, and Angel de Plata properties in Sonora Mexico.
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