SilverCrest Metals Inc. (NYSE:SILV - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $9.57, but opened at $10.00. SilverCrest Metals shares last traded at $10.22, with a volume of 507,943 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms recently commented on SILV. Scotiabank boosted their target price on SilverCrest Metals from $8.50 to $9.00 and gave the stock a "sector perform" rating in a research report on Monday, August 19th. Ventum Cap Mkts cut SilverCrest Metals from a "strong-buy" rating to a "hold" rating in a report on Friday, October 4th.
View Our Latest Stock Analysis on SILV
SilverCrest Metals Stock Up 7.7 %
The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 18.26 and a beta of 1.21. The company has a fifty day simple moving average of $9.88.
Institutional Investors Weigh In On SilverCrest Metals
A number of hedge funds and other institutional investors have recently bought and sold shares of SILV. Mather Group LLC. acquired a new position in shares of SilverCrest Metals in the 2nd quarter valued at $28,000. Toronto Dominion Bank boosted its holdings in shares of SilverCrest Metals by 40.7% in the 2nd quarter. Toronto Dominion Bank now owns 4,234 shares of the company's stock valued at $35,000 after acquiring an additional 1,225 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of SilverCrest Metals by 194.1% in the 3rd quarter. Blue Trust Inc. now owns 5,120 shares of the company's stock valued at $47,000 after acquiring an additional 3,379 shares during the last quarter. Perritt Capital Management Inc. acquired a new stake in shares of SilverCrest Metals in the first quarter worth $52,000. Finally, Eastern Bank purchased a new position in shares of SilverCrest Metals during the third quarter worth $88,000. Hedge funds and other institutional investors own 44.75% of the company's stock.
About SilverCrest Metals
(
Get 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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