Jupiter Asset Management Ltd. Decreases Stock Holdings in SilverCrest Metals Inc. (NYSE:SILV)

Jupiter Asset Management Ltd. decreased its holdings in SilverCrest Metals Inc. (NYSE:SILV) by 12.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,193,102 shares of the company’s stock after selling 603,842 shares during the period. Jupiter Asset Management Ltd.’s holdings in SilverCrest Metals were worth $38,157,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Lane Generational LLC raised its position in SilverCrest Metals by 0.5% in the 4th quarter. Lane Generational LLC now owns 565,166 shares of the company’s stock worth $5,143,000 after buying an additional 2,888 shares during the last quarter. Alpine Associates Management Inc. purchased a new position in SilverCrest Metals in the 4th quarter worth about $30,883,000. Amundi increased its position in shares of SilverCrest Metals by 23.0% during the 4th quarter. Amundi now owns 743,550 shares of the company’s stock valued at $6,766,000 after purchasing an additional 139,104 shares during the last quarter. PCJ Investment Counsel Ltd. increased its position in shares of SilverCrest Metals by 27.6% during the 4th quarter. PCJ Investment Counsel Ltd. now owns 255,620 shares of the company’s stock valued at $2,328,000 after purchasing an additional 55,330 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of SilverCrest Metals during the 4th quarter valued at about $385,000. Hedge funds and other institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Price Performance

NYSE SILV opened at $11.55 on Wednesday. SilverCrest Metals Inc. has a 52 week low of $4.83 and a 52 week high of $11.98. The firm has a market capitalization of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21. The company has a 50-day moving average price of $10.77 and a 200-day moving average price of $10.10.

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.