SilverCrest Metals Inc. (NYSE:SILV - Get Free Report) shot up 6.2% during mid-day trading on Tuesday . The stock traded as high as $10.11 and last traded at $10.07. 590,613 shares were traded during mid-day trading, a decline of 65% from the average session volume of 1,710,582 shares. The stock had previously closed at $9.48.
Analyst Upgrades and Downgrades
Separately, Ventum Cap Mkts lowered SilverCrest Metals from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 4th.
Read Our Latest Analysis on SILV
SilverCrest Metals Stock Up 6.3 %
The firm has a market cap of $1.50 billion, a PE ratio of 17.68 and a beta of 1.20. The business has a 50-day moving average price of $9.95 and a two-hundred day moving average price of $9.50.
Hedge Funds Weigh In On SilverCrest Metals
Several hedge funds have recently made changes to their positions in SILV. Toronto Dominion Bank lifted its stake 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 worth $35,000 after acquiring an additional 1,225 shares during the period. Townsquare Capital LLC lifted its position in SilverCrest Metals by 6.9% in the third quarter. Townsquare Capital LLC now owns 23,012 shares of the company's stock valued at $213,000 after purchasing an additional 1,477 shares during the period. Commonwealth Equity Services LLC boosted its holdings in SilverCrest Metals by 3.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 89,419 shares of the company's stock valued at $729,000 after purchasing an additional 2,744 shares in the last quarter. Blue Trust Inc. increased its position in SilverCrest Metals by 194.1% during the 3rd 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 period. Finally, NewEdge Advisors LLC raised its stake in shares of SilverCrest Metals by 3.5% during the 2nd quarter. NewEdge Advisors LLC now owns 145,375 shares of the company's stock worth $1,185,000 after buying an additional 4,957 shares in the last quarter. 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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