Toroso Investments LLC Boosts Holdings in SilverCrest Metals Inc. (NYSEMKT:SILV)

Toroso Investments LLC raised its stake in SilverCrest Metals Inc. (NYSEMKT:SILV) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,778 shares of the company’s stock after acquiring an additional 7,854 shares during the period. Toroso Investments LLC owned 0.09% of SilverCrest Metals worth $991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Arbitrage SNC grew its position in SilverCrest Metals by 3.8% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 42,220 shares of the company’s stock worth $301,000 after purchasing an additional 1,549 shares during the last quarter. Legal & General Group Plc increased its position in SilverCrest Metals by 9.6% in the 2nd quarter. Legal & General Group Plc now owns 20,014 shares of the company’s stock valued at $122,000 after acquiring an additional 1,759 shares during the period. Mackenzie Financial Corp raised its stake in SilverCrest Metals by 0.7% during the 1st quarter. Mackenzie Financial Corp now owns 266,694 shares of the company’s stock valued at $1,896,000 after acquiring an additional 1,979 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in SilverCrest Metals by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 361,547 shares of the company’s stock worth $3,221,000 after acquiring an additional 2,090 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of SilverCrest Metals by 17.0% in the second quarter. NewEdge Advisors LLC now owns 17,211 shares of the company’s stock valued at $105,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 44.43% of the company’s stock.

Analysts Set New Price Targets

SILV has been the topic of a number of recent analyst reports. Desjardins dropped their price objective on SilverCrest Metals from C$13.50 to C$10.50 in a report on Wednesday, August 2nd. Raymond James cut their price target on shares of SilverCrest Metals from C$11.75 to C$10.00 in a report on Tuesday, August 1st. Stifel Nicolaus dropped their target price on shares of SilverCrest Metals from C$8.25 to C$7.50 in a report on Thursday, August 10th. Finally, Royal Bank of Canada lowered SilverCrest Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 2nd.

SilverCrest Metals Price Performance

Shares of SILV stock opened at $4.72 on Tuesday. The business has a 50 day moving average price of $5.10 and a two-hundred day moving average price of $5.97. The firm has a market cap of $694.93 million, a price-to-earnings ratio of 8.58 and a beta of 1.06.

SilverCrest Metals Company Profile

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