SilverCrest Metals (NYSE:SILV) Trading Up 6.2% – Should You Buy?

SilverCrest Metals Inc. (NYSE:SILV)’s stock price traded up 6.2% during trading on Tuesday . The company traded as high as $10.11 and last traded at $10.07. 590,613 shares changed hands during trading, a decline of 65% from the average session volume of 1,710,582 shares. The stock had previously closed at $9.48.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts lowered shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th.

SilverCrest Metals Trading Down 3.6 %

The firm has a market cap of $1.47 billion, a PE ratio of 17.33 and a beta of 1.20. The firm has a fifty day simple moving average of $9.97 and a two-hundred day simple moving average of $9.51.

Institutional Trading of SilverCrest Metals

Several large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings 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 in the last quarter. Synovus Financial Corp bought a new position in SilverCrest Metals in the third quarter worth about $128,000. Virtu Financial LLC bought a new position in SilverCrest Metals in the third quarter worth about $95,000. Barclays PLC lifted its holdings in SilverCrest Metals by 360.0% in the third quarter. Barclays PLC now owns 39,714 shares of the company’s stock worth $367,000 after buying an additional 31,081 shares during the period. Finally, Toronto Dominion Bank boosted its position in SilverCrest Metals by 203.4% during the 3rd quarter. Toronto Dominion Bank now owns 12,847 shares of the company’s stock valued at $119,000 after acquiring an additional 8,613 shares in the last quarter. Institutional investors own 44.75% of the company’s stock.

About SilverCrest Metals

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.