Swiss National Bank Grows Position in SilverCrest Metals Inc. (NYSE:SILV)

Swiss National Bank lifted its position in shares of SilverCrest Metals Inc. (NYSE:SILV) by 1.4% in the fourth quarter, Holdings Channel reports. The firm owned 293,600 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Swiss National Bank’s holdings in SilverCrest Metals were worth $2,676,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of SilverCrest Metals by 44.1% during the third quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock worth $10,585,000 after purchasing an additional 350,294 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of SilverCrest Metals by 1.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 296,300 shares of the company’s stock valued at $2,699,000 after buying an additional 3,400 shares during the period. The Manufacturers Life Insurance Company lifted its position in SilverCrest Metals by 35.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 403,574 shares of the company’s stock worth $3,749,000 after acquiring an additional 106,539 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in SilverCrest Metals by 46.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 215,321 shares of the company’s stock worth $1,992,000 after acquiring an additional 67,966 shares during the period. Finally, HighTower Advisors LLC grew its position in SilverCrest Metals by 65.4% in the third quarter. HighTower Advisors LLC now owns 20,179 shares of the company’s stock valued at $187,000 after acquiring an additional 7,981 shares in the last quarter. Hedge funds and other institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Price Performance

SILV opened at $11.55 on Friday. The firm’s 50 day moving average is $11.18 and its 200-day moving average is $10.36. SilverCrest Metals Inc. has a 52-week low of $4.83 and a 52-week high of $11.98. The firm has a market capitalization of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21.

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.