ABC Arbitrage SA Invests $4.42 Million in SilverCrest Metals Inc. (NYSE:SILV)

ABC Arbitrage SA acquired a new stake in SilverCrest Metals Inc. (NYSE:SILV) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 485,931 shares of the company’s stock, valued at approximately $4,422,000. ABC Arbitrage SA owned approximately 0.33% of SilverCrest Metals as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased 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 acquiring an additional 3,379 shares in the last quarter. Eastern Bank bought a new stake in shares of SilverCrest Metals in the third quarter valued at about $88,000. Corundum Trust Company INC boosted its position in shares of SilverCrest Metals by 11.2% during the third quarter. Corundum Trust Company INC now owns 49,500 shares of the company’s stock worth $458,000 after buying an additional 5,000 shares during the period. DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of SilverCrest Metals during the third quarter worth about $232,000. Finally, Van ECK Associates Corp raised 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 buying an additional 1,083,681 shares during the last quarter. Institutional investors and hedge funds own 44.75% of the company’s stock.

SilverCrest Metals Stock Performance

NYSE SILV opened at $11.55 on Friday. SilverCrest Metals Inc. has a 52 week low of $4.83 and a 52 week high of $11.98. The stock’s 50 day moving average price is $10.16 and its two-hundred day moving average price is $9.71. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 16.04 and a beta of 1.21.

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.