Northwest & Ethical Investments L.P. Has $40,000 Stake in SilverCrest Metals Inc. (NYSE:SILV)

Northwest & Ethical Investments L.P. lessened its stake in shares of SilverCrest Metals Inc. (NYSE:SILV) by 89.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,328 shares of the company’s stock after selling 36,072 shares during the period. Northwest & Ethical Investments L.P.’s holdings in SilverCrest Metals were worth $40,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mackenzie Financial Corp grew its stake in SilverCrest Metals by 137.4% in the second quarter. Mackenzie Financial Corp now owns 2,510,176 shares of the company’s stock valued at $20,516,000 after acquiring an additional 1,452,622 shares during the period. Van ECK Associates Corp grew its position in SilverCrest Metals by 8.3% in the 3rd quarter. Van ECK Associates Corp now owns 14,114,981 shares of the company’s stock valued at $130,564,000 after purchasing an additional 1,083,681 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group bought a new stake in SilverCrest Metals during the 2nd quarter valued at $3,653,000. Renaissance Technologies LLC raised its holdings in SilverCrest Metals by 2,768.5% during the second quarter. Renaissance Technologies LLC now owns 445,300 shares of the company’s stock worth $3,629,000 after buying an additional 429,776 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of SilverCrest Metals in the second quarter valued at $2,467,000. 44.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SILV. Ventum Cap Mkts lowered shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Scotiabank boosted their price objective on SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th.

SilverCrest Metals Price Performance

SILV opened at $10.17 on Monday. SilverCrest Metals Inc. has a 1 year low of $4.83 and a 1 year high of $11.91. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 17.84 and a beta of 1.21. The firm’s fifty day moving average price is $10.14 and its two-hundred day moving average price is $9.19.

SilverCrest Metals Company 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.