The Manufacturers Life Insurance Company raised its holdings in shares of SilverCrest Metals Inc. (NYSE:SILV - Free Report) by 35.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 403,574 shares of the company's stock after acquiring an additional 106,539 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.27% of SilverCrest Metals worth $3,749,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in SILV. Mather Group LLC. purchased a new position in SilverCrest Metals during the second quarter valued at $28,000. Toronto Dominion Bank grew its position in shares of SilverCrest Metals by 40.7% during the second 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 in the last quarter. Blue Trust Inc. increased its holdings in shares of SilverCrest Metals by 194.1% in the third quarter. Blue Trust Inc. now owns 5,120 shares of the company's stock worth $47,000 after purchasing an additional 3,379 shares during the last quarter. Eastern Bank bought a new stake in shares of SilverCrest Metals in the third quarter worth about $88,000. Finally, Austin Private Wealth LLC purchased a new stake in shares of SilverCrest Metals in the third quarter worth about $94,000. 44.75% of the stock is currently owned by hedge funds and other institutional investors.
SilverCrest Metals Price Performance
Shares of SilverCrest Metals stock traded down $0.26 on Friday, reaching $10.39. The company had a trading volume of 906,759 shares, compared to its average volume of 2,239,710. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 18.23 and a beta of 1.19. The firm's 50-day moving average price is $10.20 and its two-hundred day moving average price is $9.23. SilverCrest Metals Inc. has a 1 year low of $4.83 and a 1 year high of $11.91.
Wall Street Analyst Weigh In
SILV has been the topic of a number of research reports. Scotiabank lifted their price objective 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 downgraded shares of SilverCrest Metals from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 4th.
Check Out Our Latest Report on SILV
SilverCrest Metals Company Profile
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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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