Raymond James & Associates Has $474,000 Stock Holdings in SilverCrest Metals Inc. (NYSEAMERICAN:SILV)

Raymond James & Associates decreased its stake in shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILV) by 10.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,385 shares of the company’s stock after selling 8,733 shares during the quarter. Raymond James & Associates’ holdings in SilverCrest Metals were worth $474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in SILV. Anchor Investment Management LLC bought a new stake in shares of SilverCrest Metals in the 4th quarter valued at about $33,000. Sprott Inc. lifted its position in shares of SilverCrest Metals by 8.4% in the third quarter. Sprott Inc. now owns 9,347,721 shares of the company’s stock valued at $44,618,000 after buying an additional 722,417 shares during the last quarter. Rathbones Group PLC bought a new position in shares of SilverCrest Metals during the 3rd quarter worth approximately $140,000. Invesco Ltd. increased its holdings in shares of SilverCrest Metals by 0.9% during the 3rd quarter. Invesco Ltd. now owns 4,732,026 shares of the company’s stock worth $20,868,000 after acquiring an additional 42,589 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in SilverCrest Metals in the 3rd quarter valued at $61,000. Institutional investors own 44.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Scotiabank raised their price objective on shares of SilverCrest Metals from $7.00 to $7.50 and gave the stock a “sector outperform” rating in a research report on Monday, April 8th. Desjardins downgraded SilverCrest Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th.

SilverCrest Metals Stock Up 0.2 %

Shares of NYSEAMERICAN:SILV opened at $8.53 on Friday. The company has a market capitalization of $1.25 billion, a P/E ratio of 10.94 and a beta of 1.32. SilverCrest Metals Inc. has a one year low of $4.16 and a one year high of $8.65.

SilverCrest Metals (NYSEAMERICAN:SILV) last posted its earnings results on Monday, March 11th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.15 by $0.09. The firm had revenue of $61.32 million during the quarter. SilverCrest Metals had a return on equity of 33.11% and a net margin of 47.62%. On average, research analysts forecast that SilverCrest Metals Inc. will post 0.51 earnings per share for the current fiscal year.

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.