Franklin Resources Inc. Sells 94,300 Shares of SilverCrest Metals Inc. (NYSE:SILV)

Franklin Resources Inc. trimmed its holdings in SilverCrest Metals Inc. (NYSE:SILV) by 74.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,770 shares of the company’s stock after selling 94,300 shares during the quarter. Franklin Resources Inc.’s holdings in SilverCrest Metals were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Magnetar Financial LLC bought a new position in shares of SilverCrest Metals during the fourth quarter valued at approximately $32,978,000. Alpine Associates Management Inc. purchased a new position in SilverCrest Metals in the 4th quarter worth approximately $30,883,000. Arrowstreet Capital Limited Partnership lifted its position in SilverCrest Metals by 1,070.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,421,604 shares of the company’s stock valued at $12,948,000 after acquiring an additional 1,300,191 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in SilverCrest Metals by 44.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock valued at $10,585,000 after purchasing an additional 350,294 shares during the last quarter. Finally, Amundi increased its holdings in shares of SilverCrest Metals by 23.0% in the 4th quarter. Amundi now owns 743,550 shares of the company’s stock worth $6,766,000 after purchasing an additional 139,104 shares in the last quarter. 44.75% of the stock is owned by hedge funds and other institutional investors.

SilverCrest Metals Price Performance

Shares of NYSE:SILV opened at $11.55 on Friday. SilverCrest Metals Inc. has a 1 year low of $4.83 and a 1 year high of $11.98. The company has a market cap of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21. The stock’s fifty day moving average price is $11.55 and its 200-day moving average price is $10.64.

SilverCrest Metals Company Profile

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.