SilverCrest Metals (NYSE:SILV) Trading 6.2% Higher – What’s Next?

SilverCrest Metals Inc. (NYSE:SILV) traded up 6.2% during mid-day trading on Tuesday . The stock traded as high as $10.11 and last traded at $10.07. 590,613 shares changed hands during mid-day 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 Analyst Weigh In

Separately, 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 5.6 %

The stock’s 50-day moving average price is $9.95 and its 200-day moving average price is $9.49. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 17.56 and a beta of 1.20.

Hedge Funds Weigh In On SilverCrest Metals

A number of large investors have recently modified their holdings of SILV. Toronto Dominion Bank lifted its holdings in SilverCrest Metals by 40.7% in 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. Townsquare Capital LLC lifted its holdings in SilverCrest Metals by 6.9% in the third quarter. Townsquare Capital LLC now owns 23,012 shares of the company’s stock valued at $213,000 after buying an additional 1,477 shares during the period. Commonwealth Equity Services LLC lifted its holdings in SilverCrest Metals by 3.2% in the second quarter. Commonwealth Equity Services LLC now owns 89,419 shares of the company’s stock valued at $729,000 after buying an additional 2,744 shares during the period. Blue Trust Inc. lifted its holdings in SilverCrest Metals by 194.1% in the third quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock valued at $47,000 after buying an additional 3,379 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in SilverCrest Metals by 3.5% in the second quarter. NewEdge Advisors LLC now owns 145,375 shares of the company’s stock valued at $1,185,000 after buying an additional 4,957 shares during the period. 44.75% of the stock is currently owned by institutional investors and hedge funds.

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.