Eastern Bank Buys Shares of 9,566 SilverCrest Metals Inc. (NYSE:SILV)

Eastern Bank bought a new stake in SilverCrest Metals Inc. (NYSE:SILV) during the third quarter, HoldingsChannel.com reports. The firm bought 9,566 shares of the company’s stock, valued at approximately $88,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SILV. Mather Group LLC. bought a new position in SilverCrest Metals in the second quarter valued at about $28,000. Toronto Dominion Bank boosted its stake 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 valued at $35,000 after purchasing an additional 1,225 shares in the last quarter. Blue Trust Inc. boosted its stake 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 valued at $47,000 after purchasing an additional 3,379 shares in the last quarter. Perritt Capital Management Inc. acquired a new stake in shares of SilverCrest Metals during the first quarter valued at about $52,000. Finally, Fermata Advisors LLC acquired a new stake in shares of SilverCrest Metals during the second quarter valued at about $99,000. Institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Stock Performance

SilverCrest Metals stock opened at $10.80 on Friday. The business has a 50 day moving average of $9.32. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 13.05 and a beta of 1.23. SilverCrest Metals Inc. has a one year low of $4.79 and a one year high of $11.91.

SilverCrest Metals (NYSE:SILV) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The company had revenue of $72.74 million during the quarter. SilverCrest Metals had a return on equity of 25.66% and a net margin of 40.61%. As a group, analysts predict that SilverCrest Metals Inc. will post 0.59 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on SILV. Ventum Cap Mkts lowered SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Scotiabank lifted their price target on SilverCrest Metals from $8.50 to $9.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th.

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.