Corundum Trust Company INC boosted its holdings in shares of SilverCrest Metals Inc. (NYSE:SILV – Free Report) by 11.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,500 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. SilverCrest Metals makes up approximately 1.3% of Corundum Trust Company INC’s holdings, making the stock its 19th largest holding. Corundum Trust Company INC’s holdings in SilverCrest Metals were worth $458,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in SilverCrest Metals during the 2nd quarter worth approximately $2,467,000. Fermata Advisors LLC acquired a new position in shares of SilverCrest Metals in the 2nd quarter worth approximately $99,000. Renaissance Technologies LLC grew its position in shares of SilverCrest Metals by 2,768.5% in the 2nd quarter. Renaissance Technologies LLC now owns 445,300 shares of the company’s stock worth $3,629,000 after acquiring an additional 429,776 shares in the last quarter. TD Asset Management Inc grew its position in shares of SilverCrest Metals by 16.4% in the 2nd quarter. TD Asset Management Inc now owns 2,113,126 shares of the company’s stock worth $17,265,000 after acquiring an additional 297,365 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of SilverCrest Metals by 6.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 139,726 shares of the company’s stock worth $1,139,000 after acquiring an additional 8,182 shares in the last quarter. 44.75% of the stock is currently owned by hedge funds and other institutional investors.
SilverCrest Metals Stock Up 2.6 %
NYSE:SILV opened at $11.65 on Wednesday. SilverCrest Metals Inc. has a 12-month low of $4.79 and a 12-month high of $11.91. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 14.04 and a beta of 1.23. The firm’s 50 day moving average is $9.20.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on SILV shares. Scotiabank lifted their target price on SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Ventum Cap Mkts lowered SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th.
Get Our Latest Research Report on SilverCrest Metals
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.
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