Euro Pacific Asset Management LLC Has $4.53 Million Stake in SilverCrest Metals Inc. (NYSE:SILV)

Euro Pacific Asset Management LLC lowered its holdings in shares of SilverCrest Metals Inc. (NYSE:SILV) by 16.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 488,458 shares of the company’s stock after selling 98,547 shares during the quarter. Euro Pacific Asset Management LLC owned 0.33% of SilverCrest Metals worth $4,526,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Mather Group LLC. bought a new position in SilverCrest Metals in the second quarter valued at approximately $28,000. Toronto Dominion Bank raised its holdings in shares of SilverCrest Metals by 40.7% during the second quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock worth $35,000 after acquiring an additional 1,225 shares during the period. Blue Trust Inc. lifted its position in SilverCrest Metals by 194.1% in the 3rd quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock valued at $47,000 after acquiring an additional 3,379 shares in the last quarter. Perritt Capital Management Inc. bought a new position in SilverCrest Metals during the 1st quarter worth about $52,000. Finally, Eastern Bank bought a new position in SilverCrest Metals during the 3rd quarter worth about $88,000. Institutional investors own 44.75% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SILV. Ventum Cap Mkts downgraded SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Scotiabank raised their target price on shares of SilverCrest Metals from $8.50 to $9.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th.

SilverCrest Metals Stock Performance

SILV stock opened at $9.62 on Friday. The company has a market capitalization of $1.43 billion, a P/E ratio of 16.87 and a beta of 1.21. SilverCrest Metals Inc. has a twelve month low of $4.83 and a twelve month high of $11.91. The company has a 50 day moving average of $9.88.

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.