Wealth Enhancement Advisory Services LLC Sells 1,100 Shares of SilverCrest Metals Inc. (NYSE:SILV)

Wealth Enhancement Advisory Services LLC trimmed its position in SilverCrest Metals Inc. (NYSE:SILV) by 2.7% during the third quarter, Holdings Channel reports. The institutional investor owned 39,626 shares of the company’s stock after selling 1,100 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SilverCrest Metals were worth $367,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SILV. Mather Group LLC. bought a new position in SilverCrest Metals in the 2nd quarter valued at $28,000. Toronto Dominion Bank boosted its position in SilverCrest Metals by 40.7% in the 2nd quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock valued at $35,000 after buying an additional 1,225 shares during the last quarter. Blue Trust Inc. boosted 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 buying an additional 3,379 shares during the last quarter. Perritt Capital Management Inc. bought a new position in shares of SilverCrest Metals in the 1st quarter worth $52,000. Finally, Eastern Bank bought a new position in shares of SilverCrest Metals in the 3rd quarter worth $88,000. 44.75% of the stock is currently owned by institutional investors.

SilverCrest Metals Price Performance

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 company has a market cap of $1.53 billion, a price-to-earnings ratio of 14.52 and a beta of 1.21. The business has a fifty day moving average of $9.68.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on SILV shares. Ventum Cap Mkts lowered SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Scotiabank raised their price target on SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research report 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.