DORCHESTER WEALTH MANAGEMENT Co Acquires New Stake in SilverCrest Metals Inc. (NYSE:SILV)

DORCHESTER WEALTH MANAGEMENT Co bought a new stake in SilverCrest Metals Inc. (NYSE:SILV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. purchased a new stake in SilverCrest Metals in the second quarter worth about $28,000. Toronto Dominion Bank increased its holdings in SilverCrest Metals by 40.7% in the 2nd quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock worth $35,000 after acquiring an additional 1,225 shares in the last quarter. Blue Trust Inc. raised its stake in SilverCrest Metals by 194.1% during the 3rd quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock worth $47,000 after acquiring an additional 3,379 shares during the period. Perritt Capital Management Inc. purchased a new position in SilverCrest Metals during the first quarter valued at approximately $52,000. Finally, Eastern Bank bought a new position in shares of SilverCrest Metals in the third quarter worth approximately $88,000. 44.75% of the stock is owned by hedge funds and other institutional investors.

SilverCrest Metals Trading Down 3.5 %

SILV traded down $0.40 during trading on Thursday, reaching $11.14. 613,412 shares of the company traded hands, compared to its average volume of 1,679,333. The stock has a market capitalization of $1.66 billion, a P/E ratio of 16.41 and a beta of 1.23. SilverCrest Metals Inc. has a 12-month low of $4.79 and a 12-month high of $11.91. The business’s fifty day simple moving average is $9.27.

SilverCrest Metals (NYSE:SILV) last posted its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). The company had revenue of $72.74 million for the quarter. SilverCrest Metals had a net margin of 40.61% and a return on equity of 25.66%. On average, equities research analysts predict that SilverCrest Metals Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SILV. Ventum Cap Mkts cut shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Scotiabank boosted their price objective on SilverCrest Metals from $8.50 to $9.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th.

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.