BNP Paribas Financial Markets Boosts Holdings in SilverCrest Metals Inc. (NYSE:SILV)

BNP Paribas Financial Markets increased its position in SilverCrest Metals Inc. (NYSE:SILV - Free Report) by 46.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,321 shares of the company's stock after acquiring an additional 67,966 shares during the quarter. BNP Paribas Financial Markets owned about 0.14% of SilverCrest Metals worth $1,992,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mather Group LLC. purchased a new position in shares of SilverCrest Metals during the second quarter worth approximately $28,000. Toronto Dominion Bank boosted its holdings in SilverCrest Metals by 40.7% in the second quarter. Toronto Dominion Bank now owns 4,234 shares of the company's stock valued at $35,000 after acquiring an additional 1,225 shares in the last quarter. Blue Trust Inc. boosted its holdings in SilverCrest Metals by 194.1% in the third quarter. Blue Trust Inc. now owns 5,120 shares of the company's stock valued at $47,000 after acquiring an additional 3,379 shares in the last quarter. Eastern Bank bought a new stake in SilverCrest Metals in the third quarter valued at $88,000. Finally, D.A. Davidson & CO. bought a new stake in SilverCrest Metals in the third quarter valued at $92,000. 44.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on SILV. Scotiabank lifted their price target on shares of SilverCrest Metals from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Monday, August 19th. Ventum Cap Mkts cut shares of SilverCrest Metals from a "strong-buy" rating to a "hold" rating in a report on Friday, October 4th.

SilverCrest Metals Stock Down 2.4 %

Shares of SILV stock traded down $0.26 during mid-day trading on Friday, reaching $10.39. 906,759 shares of the company's stock traded hands, compared to its average volume of 2,239,710. SilverCrest Metals Inc. has a 12 month low of $4.83 and a 12 month high of $11.91. The company has a market cap of $1.54 billion, a P/E ratio of 18.23 and a beta of 1.19. The company's 50-day moving average price is $10.20 and its 200-day moving average price is $9.23.

SilverCrest Metals Profile

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.