Van ECK Associates Corp Sells 1,863,915 Shares of SilverCrest Metals Inc. (NYSE:SILV)

Van ECK Associates Corp decreased its position in SilverCrest Metals Inc. (NYSE:SILV - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,251,066 shares of the company's stock after selling 1,863,915 shares during the quarter. Van ECK Associates Corp owned 8.21% of SilverCrest Metals worth $111,486,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SILV. Blue Trust Inc. raised its stake in SilverCrest Metals by 194.1% during 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 in the last quarter. Eastern Bank bought a new stake in SilverCrest Metals during the 3rd quarter valued at $88,000. D.A. Davidson & CO. bought a new stake in SilverCrest Metals during the 3rd quarter valued at $92,000. Austin Private Wealth LLC bought a new stake in SilverCrest Metals during the 3rd quarter valued at $94,000. Finally, Virtu Financial LLC bought a new stake in SilverCrest Metals during the 3rd quarter valued at $95,000. Institutional investors and hedge funds own 44.75% of the company's stock.

SilverCrest Metals Price Performance

Shares of SILV remained flat at $11.55 during midday trading on Monday. SilverCrest Metals Inc. has a 1-year low of $4.83 and a 1-year high of $11.98. The stock has a 50-day moving average of $10.18 and a 200-day moving average of $9.73. The stock has a market cap of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21.

SilverCrest Metals Profile

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.