Cibc World Market Inc. Sells 39,689 Shares of SilverCrest Metals Inc. (NYSEMKT:SILV)

Cibc World Market Inc. lowered its stake in shares of SilverCrest Metals Inc. (NYSEMKT:SILVGet Rating) by 22.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,615 shares of the company’s stock after selling 39,689 shares during the quarter. Cibc World Market Inc. owned about 0.09% of SilverCrest Metals worth $835,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SeaCrest Wealth Management LLC raised its stake in shares of SilverCrest Metals by 58.5% in the second quarter. SeaCrest Wealth Management LLC now owns 17,200 shares of the company’s stock valued at $105,000 after purchasing an additional 6,350 shares in the last quarter. Profund Advisors LLC raised its stake in shares of SilverCrest Metals by 22.4% in the first quarter. Profund Advisors LLC now owns 13,226 shares of the company’s stock valued at $118,000 after purchasing an additional 2,422 shares in the last quarter. Dubuque Bank & Trust Co. raised its stake in shares of SilverCrest Metals by 42.9% in the second quarter. Dubuque Bank & Trust Co. now owns 20,000 shares of the company’s stock valued at $122,000 after purchasing an additional 6,000 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of SilverCrest Metals by 125.1% in the first quarter. Bridgewater Associates LP now owns 24,153 shares of the company’s stock valued at $215,000 after purchasing an additional 13,423 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of SilverCrest Metals by 27.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 26,312 shares of the company’s stock valued at $234,000 after purchasing an additional 5,703 shares in the last quarter. 42.77% of the stock is owned by institutional investors.

SilverCrest Metals Stock Up 0.2 %

SilverCrest Metals stock opened at $6.29 on Monday. The firm has a 50-day moving average price of $5.57 and a 200-day moving average price of $6.17. The company has a market capitalization of $921.42 million, a PE ratio of 57.18 and a beta of 0.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 9.23 and a current ratio of 11.87.

Analyst Ratings Changes

SILV has been the subject of several recent analyst reports. Stifel Nicolaus dropped their price objective on SilverCrest Metals from C$13.75 to C$13.25 in a research note on Tuesday, November 15th. BMO Capital Markets dropped their price objective on SilverCrest Metals from C$13.00 to C$12.25 in a research note on Thursday, September 15th.

SilverCrest Metals Company Profile

(Get Rating)

SilverCrest Metals Inc explores for and develops precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its principal property includes the Las Chispas project that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico.

Featured Articles

Want to see what other hedge funds are holding SILV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SilverCrest Metals Inc. (NYSEMKT:SILVGet Rating).

Institutional Ownership by Quarter for SilverCrest Metals (NYSEMKT:SILV)

Receive News & Ratings for SilverCrest Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SilverCrest Metals and related companies with MarketBeat.com's FREE daily email newsletter.