Euro Pacific Asset Management LLC Reduces Stock Holdings in SilverCrest Metals Inc. (NYSE:SILV)

Euro Pacific Asset Management LLC trimmed its holdings in SilverCrest Metals Inc. (NYSE:SILV - Free Report) by 16.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 488,458 shares of the company's stock after selling 98,547 shares during the quarter. Euro Pacific Asset Management LLC owned about 0.33% of SilverCrest Metals worth $4,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC acquired a new position in SilverCrest Metals during the 2nd quarter worth approximately $2,467,000. Van ECK Associates Corp raised its stake 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 buying an additional 1,083,681 shares during the period. Fermata Advisors LLC acquired a new position in SilverCrest Metals during the 2nd quarter worth approximately $99,000. Renaissance Technologies LLC raised its stake in SilverCrest Metals by 2,768.5% during the 2nd quarter. Renaissance Technologies LLC now owns 445,300 shares of the company's stock worth $3,629,000 after buying an additional 429,776 shares during the period. Finally, TD Asset Management Inc raised its stake in SilverCrest Metals by 16.4% during the 2nd quarter. TD Asset Management Inc now owns 2,113,126 shares of the company's stock worth $17,265,000 after buying an additional 297,365 shares during the period. 44.75% of the stock is owned by institutional investors and hedge funds.

SilverCrest Metals Stock Performance

SILV traded down $0.22 during midday trading on Friday, reaching $9.57. 9,671,536 shares of the company were exchanged, compared to its average volume of 1,778,896. The stock has a fifty day moving average of $9.88. The company has a market cap of $1.42 billion, a P/E ratio of 16.87 and a beta of 1.21. SilverCrest Metals Inc. has a one year low of $4.83 and a one year high of $11.91.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Scotiabank upped their price target on SilverCrest Metals from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research note on Monday, August 19th. Ventum Cap Mkts lowered SilverCrest Metals from a "strong-buy" rating to a "hold" rating in a report on Friday, October 4th.

About SilverCrest Metals

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.