SilverCrest Metals Inc. (NYSE:SILV) is Sprott Inc.’s 4th Largest Position

Sprott Inc. lessened its position in SilverCrest Metals Inc. (NYSE:SILV) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,069,597 shares of the company’s stock after selling 1,137,903 shares during the quarter. SilverCrest Metals accounts for approximately 3.8% of Sprott Inc.’s portfolio, making the stock its 4th largest holding. Sprott Inc. owned about 4.74% of SilverCrest Metals worth $64,417,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in SilverCrest Metals by 8.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,216,200 shares of the company’s stock worth $20,563,000 after purchasing an additional 180,200 shares during the last quarter. JPMorgan Chase & Co. boosted its position in SilverCrest Metals by 44.1% during the third quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock valued at $10,585,000 after buying an additional 350,294 shares during the period. ABC Arbitrage SA purchased a new stake in SilverCrest Metals during the fourth quarter valued at about $4,422,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of SilverCrest Metals by 35.9% during the third quarter. The Manufacturers Life Insurance Company now owns 403,574 shares of the company’s stock valued at $3,749,000 after buying an additional 106,539 shares during the last quarter. Hedge funds and other institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Stock Performance

NYSE SILV opened at $11.55 on Wednesday. The firm has a market cap of $1.72 billion, a PE ratio of 20.26 and a beta of 1.21. SilverCrest Metals Inc. has a 1-year low of $4.83 and a 1-year high of $11.98. The stock has a 50-day moving average of $10.30 and a 200-day moving average of $9.89.

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.