SilverCrest Metals Inc. (NYSE:SILV - Get Free Report)'s share price shot up 3.6% during trading on Wednesday . The stock traded as high as $10.08 and last traded at $10.06. 1,154,997 shares changed hands during trading, a decline of 32% from the average session volume of 1,686,156 shares. The stock had previously closed at $9.71.
Wall Street Analysts Forecast Growth
Separately, Ventum Cap Mkts cut shares of SilverCrest Metals from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 4th.
Read Our Latest Analysis on SilverCrest Metals
SilverCrest Metals Stock Up 4.6 %
The company's 50-day simple moving average is $9.94 and its 200 day simple moving average is $9.45. The company has a market capitalization of $1.51 billion, a P/E ratio of 17.82 and a beta of 1.20.
Institutional Trading of SilverCrest Metals
Several large investors have recently modified their holdings of SILV. Mackenzie Financial Corp boosted its position in shares of SilverCrest Metals by 137.4% in the second quarter. Mackenzie Financial Corp now owns 2,510,176 shares of the company's stock valued at $20,516,000 after acquiring an additional 1,452,622 shares during the period. Van ECK Associates Corp raised its stake 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 valued at $130,564,000 after purchasing an additional 1,083,681 shares during the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group bought a new stake in SilverCrest Metals in the 2nd quarter valued at $3,653,000. Renaissance Technologies LLC grew its position in SilverCrest Metals by 2,768.5% in the 2nd quarter. Renaissance Technologies LLC now owns 445,300 shares of the company's stock worth $3,629,000 after purchasing an additional 429,776 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in SilverCrest Metals by 44.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company's stock worth $10,585,000 after purchasing an additional 350,294 shares during the last quarter. 44.75% of the stock is owned by institutional investors.
SilverCrest Metals Company Profile
(
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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