Oxbow Advisors LLC Cuts Stock Holdings in SilverCrest Metals Inc. (NYSE:SILV)

Oxbow Advisors LLC cut its holdings in SilverCrest Metals Inc. (NYSE:SILV) by 84.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,540 shares of the company’s stock after selling 57,759 shares during the period. Oxbow Advisors LLC’s holdings in SilverCrest Metals were worth $97,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Austin Private Wealth LLC purchased a new stake in shares of SilverCrest Metals during the third quarter worth about $94,000. Van ECK Associates Corp grew its position in shares of SilverCrest Metals by 8.3% during the third quarter. Van ECK Associates Corp now owns 14,114,981 shares of the company’s stock worth $130,564,000 after purchasing an additional 1,083,681 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of SilverCrest Metals during the third quarter worth about $232,000. Corundum Trust Company INC grew its position in shares of SilverCrest Metals by 11.2% during the third quarter. Corundum Trust Company INC now owns 49,500 shares of the company’s stock worth $458,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Eastern Bank purchased a new stake in shares of SilverCrest Metals during the third quarter worth about $88,000. Hedge funds and other institutional investors own 44.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SILV shares. Scotiabank raised their price target on SilverCrest Metals from $8.50 to $9.00 and gave the company a “sector perform” rating in a report on Monday, August 19th. Ventum Cap Mkts lowered SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th.

SilverCrest Metals Price Performance

SILV opened at $10.31 on Friday. The business’s fifty day moving average price is $9.68. The stock has a market cap of $1.53 billion, a P/E ratio of 14.52 and a beta of 1.21. SilverCrest Metals Inc. has a 52 week low of $4.83 and a 52 week high of $11.91.

SilverCrest Metals (NYSE:SILV) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). The firm 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%. Equities analysts anticipate that SilverCrest Metals Inc. will post 0.55 EPS for the current year.

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.