SilverCrest Metals Inc. (NYSE:SILV) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in SilverCrest Metals Inc. (NYSE:SILV) by 44.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,144,326 shares of the company’s stock after buying an additional 350,294 shares during the period. JPMorgan Chase & Co.’s holdings in SilverCrest Metals were worth $10,585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synovus Financial Corp purchased a new position in shares of SilverCrest Metals during the 3rd quarter worth approximately $128,000. Virtu Financial LLC purchased a new position in SilverCrest Metals during the third quarter worth about $95,000. Barclays PLC boosted its stake in SilverCrest Metals by 360.0% in the 3rd quarter. Barclays PLC now owns 39,714 shares of the company’s stock worth $367,000 after buying an additional 31,081 shares during the last quarter. Toronto Dominion Bank grew its holdings in SilverCrest Metals by 203.4% in the third quarter. Toronto Dominion Bank now owns 12,847 shares of the company’s stock valued at $119,000 after purchasing an additional 8,613 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of SilverCrest Metals by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 71,022 shares of the company’s stock worth $662,000 after buying an additional 5,227 shares during the period. 44.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

SilverCrest Metals Trading Down 2.3 %

Shares of SILV stock opened at $9.93 on Monday. SilverCrest Metals Inc. has a twelve month low of $4.83 and a twelve month high of $11.91. The company has a market capitalization of $1.48 billion, a PE ratio of 17.42 and a beta of 1.20. The firm has a fifty day simple moving average of $9.95 and a 200-day simple moving average of $9.48.

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.