JPMorgan Chase & Co. raised its stake in SilverCrest Metals Inc. (NYSE:SILV - Free Report) by 44.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,144,326 shares of the company's stock after purchasing an additional 350,294 shares during the period. JPMorgan Chase & Co. owned 0.77% of SilverCrest Metals worth $10,585,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in SILV. Van ECK Associates Corp grew its stake in SilverCrest Metals by 8.3% in the third quarter. Van ECK Associates Corp now owns 14,114,981 shares of the company's stock valued at $130,564,000 after acquiring an additional 1,083,681 shares during the period. Mackenzie Financial Corp grew its position in SilverCrest Metals by 137.4% in the 2nd quarter. Mackenzie Financial Corp now owns 2,510,176 shares of the company's stock valued at $20,516,000 after purchasing an additional 1,452,622 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in SilverCrest Metals by 8.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,216,200 shares of the company's stock valued at $20,563,000 after purchasing an additional 180,200 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in SilverCrest Metals by 22.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,414,499 shares of the company's stock worth $11,529,000 after buying an additional 262,568 shares during the last quarter. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new position in SilverCrest Metals during the second quarter worth $3,653,000. Institutional investors and hedge funds own 44.75% of the company's stock.
SilverCrest Metals Stock Down 2.3 %
Shares of NYSE:SILV opened at $9.93 on Monday. The business's 50 day moving average is $9.95 and its 200 day moving average is $9.48. SilverCrest Metals Inc. has a 12-month low of $4.83 and a 12-month high of $11.91. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 17.42 and a beta of 1.20.
Wall Street Analyst Weigh In
Separately, Ventum Cap Mkts downgraded shares of SilverCrest Metals from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 4th.
Get Our Latest Stock Analysis on SILV
About SilverCrest Metals
(
Free Report)
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.
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