Knoll Capital Management LLC Sells 410,000 Shares of SilverCrest Metals Inc. (NYSE:SILV)

Knoll Capital Management LLC lowered its holdings in shares of SilverCrest Metals Inc. (NYSE:SILV - Free Report) by 87.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 60,000 shares of the company's stock after selling 410,000 shares during the period. Knoll Capital Management LLC's holdings in SilverCrest Metals were worth $555,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Mather Group LLC. bought a new position in shares of SilverCrest Metals during the second quarter valued at about $28,000. Toronto Dominion Bank increased its holdings in SilverCrest Metals by 40.7% during the 2nd quarter. Toronto Dominion Bank now owns 4,234 shares of the company's stock valued at $35,000 after purchasing an additional 1,225 shares during the period. Blue Trust Inc. raised its position in SilverCrest Metals by 194.1% during the 3rd quarter. Blue Trust Inc. now owns 5,120 shares of the company's stock valued at $47,000 after purchasing an additional 3,379 shares during the last quarter. Eastern Bank purchased a new stake in SilverCrest Metals in the 3rd quarter worth approximately $88,000. Finally, D.A. Davidson & CO. bought a new stake in shares of SilverCrest Metals in the 3rd quarter worth approximately $92,000. 44.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on SILV. Scotiabank raised 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 cut shares of SilverCrest Metals from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 4th.

SilverCrest Metals Stock Performance

Shares of SILV stock remained flat at $10.17 during midday trading on Friday. The company's stock had a trading volume of 556,227 shares, compared to its average volume of 1,756,104. SilverCrest Metals Inc. has a 1 year low of $4.83 and a 1 year high of $11.91. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 17.84 and a beta of 1.21. The company has a 50-day simple moving average of $10.14 and a 200 day simple moving average of $9.19.

SilverCrest Metals Company 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.