SilverCrest Metals Inc. (NYSE:SILV) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its stake in SilverCrest Metals Inc. (NYSE:SILV) by 8.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,408 shares of the company’s stock after selling 986 shares during the period. Private Advisor Group LLC’s holdings in SilverCrest Metals were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Eastern Bank acquired a new stake in SilverCrest Metals during the 3rd quarter worth about $88,000. Blue Trust Inc. lifted its holdings in shares of SilverCrest Metals by 194.1% during the third quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock worth $47,000 after purchasing an additional 3,379 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group purchased a new stake in SilverCrest Metals in the second quarter valued at approximately $3,653,000. NewEdge Advisors LLC boosted its position in SilverCrest Metals by 3.5% in the second quarter. NewEdge Advisors LLC now owns 145,375 shares of the company’s stock valued at $1,185,000 after buying an additional 4,957 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in SilverCrest Metals by 137.4% in the 2nd quarter. Mackenzie Financial Corp now owns 2,510,176 shares of the company’s stock worth $20,516,000 after buying an additional 1,452,622 shares during the period. Hedge funds and other institutional investors own 44.75% of the company’s stock.

Wall Street Analyst Weigh In

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

SilverCrest Metals Price Performance

Shares of NYSE:SILV opened at $10.31 on Friday. SilverCrest Metals Inc. has a 12-month low of $4.83 and a 12-month high of $11.91. The firm has a 50 day moving average of $9.68. The firm has a market capitalization of $1.53 billion, a P/E ratio of 14.52 and a beta of 1.21.

SilverCrest Metals (NYSE:SILV) last posted its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.13). The firm had revenue of $72.74 million during the quarter. SilverCrest Metals had a net margin of 40.61% and a return on equity of 25.66%. On average, equities research analysts anticipate that SilverCrest Metals Inc. will post 0.55 EPS for the current 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.