Aigen Investment Management LP Acquires 19,592 Shares of SilverCrest Metals Inc. (NYSE:SILV)

Aigen Investment Management LP boosted its holdings in shares of SilverCrest Metals Inc. (NYSE:SILV) by 41.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 66,754 shares of the company’s stock after purchasing an additional 19,592 shares during the period. Aigen Investment Management LP’s holdings in SilverCrest Metals were worth $619,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mather Group LLC. bought a new stake in shares of SilverCrest Metals in the second quarter valued at about $28,000. Toronto Dominion Bank lifted its holdings in shares of SilverCrest Metals by 40.7% in the second quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock valued at $35,000 after purchasing an additional 1,225 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of SilverCrest Metals by 194.1% in the third quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock valued at $47,000 after purchasing an additional 3,379 shares in the last quarter. Perritt Capital Management Inc. bought a new stake in shares of SilverCrest Metals in the first quarter valued at about $52,000. Finally, Eastern Bank bought a new stake in shares of SilverCrest Metals in the third quarter valued at about $88,000. 44.75% of the stock is currently owned by institutional investors.

SilverCrest Metals Trading Down 4.3 %

NYSE:SILV opened at $9.55 on Thursday. The firm has a 50-day moving average of $9.76. The firm has a market capitalization of $1.42 billion, a P/E ratio of 14.45 and a beta of 1.21. SilverCrest Metals Inc. has a 52-week low of $4.83 and a 52-week high of $11.91.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Ventum Cap Mkts lowered SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Scotiabank lifted their target price 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.

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.