Gilder Gagnon Howe & Co. LLC grew its position in SilverCrest Metals Inc. (NASDAQ:SILV) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,336,074 shares of the company’s stock after purchasing an additional 272,523 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 0.06% of SilverCrest Metals worth $27,801,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. purchased a new stake in shares of SilverCrest Metals during the 2nd quarter worth about $32,000. Creative Planning increased its position in SilverCrest Metals by 21.0% during the 3rd quarter. Creative Planning now owns 13,835 shares of the company’s stock worth $72,000 after purchasing an additional 2,400 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in SilverCrest Metals in the third quarter valued at approximately $89,000. 9258 Wealth Management LLC raised its holdings in SilverCrest Metals by 50.0% in the second quarter. 9258 Wealth Management LLC now owns 30,000 shares of the company’s stock valued at $118,000 after buying an additional 10,000 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in SilverCrest Metals during the third quarter valued at approximately $130,000.
Several research firms have issued reports on SILV. BMO Capital Markets began coverage on shares of SilverCrest Metals in a research note on Friday, August 16th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of SilverCrest Metals from a “hold” rating to a “sell” rating in a research note on Thursday, November 28th. Desjardins restated a “buy” rating on shares of SilverCrest Metals in a report on Monday, August 26th. Roth Capital set a $7.00 target price on shares of SilverCrest Metals and gave the company a “buy” rating in a report on Monday, August 26th. Finally, B. Riley initiated coverage on shares of SilverCrest Metals in a research report on Thursday, October 31st. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $4.88.
SilverCrest Metals Company Profile
SilverCrest Metals Inc engages in the acquisition, exploration, and development of precious metal properties. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 27 concessions totaling approximately 1,389 hectares located in Sonora, Mexico.
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