HighTower Advisors LLC Purchases 7,981 Shares of SilverCrest Metals Inc. (NYSE:SILV)

HighTower Advisors LLC lifted its position in SilverCrest Metals Inc. (NYSE:SILV) by 65.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,179 shares of the company’s stock after purchasing an additional 7,981 shares during the quarter. HighTower Advisors LLC’s holdings in SilverCrest Metals were worth $187,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Toronto Dominion Bank lifted 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 worth $35,000 after buying an additional 1,225 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of SilverCrest Metals by 194.1% in the 3rd quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock worth $47,000 after acquiring an additional 3,379 shares during the last quarter. Eastern Bank purchased a new stake in shares of SilverCrest Metals in the 3rd quarter valued at $88,000. D.A. Davidson & CO. purchased a new position in SilverCrest Metals during the 3rd quarter valued at about $92,000. Finally, Austin Private Wealth LLC purchased a new stake in shares of SilverCrest Metals in the 3rd quarter worth about $94,000. 44.75% of the stock is currently owned by institutional investors.

SilverCrest Metals Stock Down 0.5 %

NYSE SILV opened at $9.17 on Thursday. SilverCrest Metals Inc. has a 52 week low of $4.83 and a 52 week high of $11.91. The firm has a market capitalization of $1.36 billion, a P/E ratio of 16.09 and a beta of 1.19. The company has a 50-day moving average price of $10.27 and a 200-day moving average price of $9.35.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts downgraded SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th.

SilverCrest Metals 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.