SilverCrest Metals Inc. (NYSE:SILV) Shares Sold by Everett Harris & Co. CA

Everett Harris & Co. CA trimmed its position in shares of SilverCrest Metals Inc. (NYSE:SILV) by 10.0% during the third quarter, Holdings Channel reports. The firm owned 36,850 shares of the company’s stock after selling 4,108 shares during the quarter. Everett Harris & Co. CA’s holdings in SilverCrest Metals were worth $341,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its position in shares of 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 last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new position in SilverCrest Metals in the 2nd quarter valued at about $3,653,000. NewEdge Advisors LLC boosted 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 purchasing an additional 4,957 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of SilverCrest Metals by 137.4% during the second quarter. Mackenzie Financial Corp now owns 2,510,176 shares of the company’s stock worth $20,516,000 after buying an additional 1,452,622 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake 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 buying an additional 1,225 shares during the period. Hedge funds and other institutional investors own 44.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SILV shares. Scotiabank raised their price objective on SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. Ventum Cap Mkts lowered shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th.

SilverCrest Metals Stock Up 8.4 %

Shares of NYSE:SILV opened at $11.13 on Friday. The stock has a market cap of $1.65 billion, a PE ratio of 13.41 and a beta of 1.23. SilverCrest Metals Inc. has a 1 year low of $4.79 and a 1 year high of $11.27. The business’s 50-day moving average price is $9.06.

SilverCrest Metals (NYSE:SILV) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The business had revenue of $72.74 million for the quarter. SilverCrest Metals had a return on equity of 25.66% and a net margin of 40.61%. Research analysts expect that SilverCrest Metals Inc. will post 0.59 EPS for the current year.

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.