U S Global Investors Inc. Sells 198,994 Shares of SilverCrest Metals Inc. (NYSE:SILV)

U S Global Investors Inc. reduced its stake in shares of SilverCrest Metals Inc. (NYSE:SILV) by 34.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,704 shares of the company’s stock after selling 198,994 shares during the quarter. U S Global Investors Inc. owned about 0.25% of SilverCrest Metals worth $3,503,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Mather Group LLC. bought a new position in SilverCrest Metals during the second quarter worth about $28,000. Toronto Dominion Bank increased its stake 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 purchasing an additional 1,225 shares in the last quarter. Blue Trust Inc. boosted its position in shares of SilverCrest Metals by 194.1% during the third quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock worth $47,000 after purchasing an additional 3,379 shares in the last quarter. Perritt Capital Management Inc. acquired a new position in shares of SilverCrest Metals in the 1st quarter valued at $52,000. Finally, Fermata Advisors LLC acquired a new stake in shares of SilverCrest Metals during the second quarter worth about $99,000. 44.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Ventum Cap Mkts downgraded shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Scotiabank upped their target price on shares of SilverCrest Metals from $8.50 to $9.00 and gave the company a “sector perform” rating in a report on Monday, August 19th.

SilverCrest Metals Stock Performance

Shares of SILV traded up $0.30 during mid-day trading on Tuesday, hitting $11.65. 365,755 shares of the company’s stock were exchanged, compared to its average volume of 1,670,454. SilverCrest Metals Inc. has a 52 week low of $4.79 and a 52 week high of $11.91. The stock has a 50-day moving average of $9.13. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.67 and a beta of 1.23.

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