Oxbow Advisors LLC Trims Stock Holdings in SilverCrest Metals Inc. (NYSE:SILV)

Oxbow Advisors LLC decreased its holdings in SilverCrest Metals Inc. (NYSE:SILV - Free Report) by 84.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,540 shares of the company's stock after selling 57,759 shares during the quarter. Oxbow Advisors LLC's holdings in SilverCrest Metals were worth $97,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SILV. Van ECK Associates Corp lifted its position 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. Tidal Investments LLC increased its stake in SilverCrest Metals by 5,624.4% in the 1st quarter. Tidal Investments LLC now owns 4,352,930 shares of the company's stock valued at $28,991,000 after buying an additional 4,276,888 shares during the period. Mackenzie Financial Corp raised its position in SilverCrest Metals by 137.4% during the 2nd quarter. Mackenzie Financial Corp now owns 2,510,176 shares of the company's stock worth $20,516,000 after buying an additional 1,452,622 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of 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 period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of SilverCrest Metals by 22.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,414,499 shares of the company's stock valued at $11,529,000 after acquiring an additional 262,568 shares in the last quarter. Institutional investors and hedge funds own 44.75% of the company's stock.

Analyst Ratings Changes

SILV has been the subject of several analyst reports. Ventum Cap Mkts cut shares of SilverCrest Metals from a "strong-buy" rating to a "hold" rating in a report on Friday, October 4th. Scotiabank raised their price target on SilverCrest Metals from $8.50 to $9.00 and gave the company a "sector perform" rating in a report on Monday, August 19th.

SilverCrest Metals Trading Down 0.7 %

Shares of NYSE:SILV traded down $0.07 on Friday, reaching $10.31. 2,295,337 shares of the company were exchanged, compared to its average volume of 2,604,359. The stock's 50-day simple moving average is $9.68. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 14.52 and a beta of 1.21. SilverCrest Metals Inc. has a 1-year low of $4.83 and a 1-year high of $11.91.

SilverCrest Metals (NYSE:SILV - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.13). The company had revenue of $72.74 million during the quarter. SilverCrest Metals had a net margin of 40.61% and a return on equity of 25.66%. As a group, analysts expect that SilverCrest Metals Inc. will post 0.55 earnings per share for the current year.

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.