U S Global Investors Inc. Lowers Stock Position in SilverCrest Metals Inc. (NYSE:SILV)

U S Global Investors Inc. trimmed its holdings in shares of SilverCrest Metals Inc. (NYSE:SILV - Free Report) by 34.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 378,704 shares of the company's stock after selling 198,994 shares during the period. U S Global Investors Inc. owned about 0.25% of SilverCrest Metals worth $3,503,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of SilverCrest Metals during the 2nd quarter worth $2,467,000. Fermata Advisors LLC purchased a new stake in SilverCrest Metals in the 2nd quarter worth about $99,000. Renaissance Technologies LLC increased its holdings in SilverCrest Metals by 2,768.5% in the 2nd quarter. Renaissance Technologies LLC now owns 445,300 shares of the company's stock worth $3,629,000 after acquiring an additional 429,776 shares during the last quarter. TD Asset Management Inc increased its holdings in SilverCrest Metals by 16.4% in the 2nd quarter. TD Asset Management Inc now owns 2,113,126 shares of the company's stock worth $17,265,000 after acquiring an additional 297,365 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in SilverCrest Metals in the 2nd quarter worth about $213,000. 44.75% of the stock is currently owned by institutional investors.

SilverCrest Metals Trading Up 2.6 %

Shares of NYSE:SILV traded up $0.30 on Tuesday, hitting $11.65. 2,584,642 shares of the company traded hands, compared to its average volume of 1,681,439. SilverCrest Metals Inc. has a 52 week low of $4.79 and a 52 week high of $11.91. The business has a 50 day moving average price of $9.13. The company has a market capitalization of $1.73 billion, a P/E ratio of 14.04 and a beta of 1.23.

SilverCrest Metals (NYSE:SILV - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). SilverCrest Metals had a net margin of 40.61% and a return on equity of 25.66%. The company had revenue of $72.74 million for the quarter. On average, equities analysts anticipate that SilverCrest Metals Inc. will post 0.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SILV shares. Scotiabank lifted their price objective on SilverCrest Metals from $8.50 to $9.00 and gave the stock a "sector perform" rating in a report 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.

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.