Ninety One UK Ltd Has $1.43 Million Stock Holdings in SilverCrest Metals Inc. (NYSE:SILV)

Ninety One UK Ltd lessened its stake in shares of SilverCrest Metals Inc. (NYSE:SILV) by 50.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,799 shares of the company’s stock after selling 156,799 shares during the period. Ninety One UK Ltd’s holdings in SilverCrest Metals were worth $1,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in SilverCrest Metals by 44.1% during the third quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock valued at $10,585,000 after purchasing an additional 350,294 shares during the last quarter. Van ECK Associates Corp grew its holdings in SilverCrest Metals by 8.3% during the third quarter. Van ECK Associates Corp now owns 14,114,981 shares of the company’s stock valued at $130,564,000 after purchasing an additional 1,083,681 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in SilverCrest Metals by 35.9% during the third quarter. The Manufacturers Life Insurance Company now owns 403,574 shares of the company’s stock valued at $3,749,000 after purchasing an additional 106,539 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of SilverCrest Metals by 46.1% in the third 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 last quarter. Finally, HighTower Advisors LLC grew its stake in shares of SilverCrest Metals by 65.4% in the third quarter. HighTower Advisors LLC now owns 20,179 shares of the company’s stock worth $187,000 after acquiring an additional 7,981 shares during the last quarter. Institutional investors and hedge funds own 44.75% of the company’s stock.

SilverCrest Metals Trading Up 2.0 %

Shares of SilverCrest Metals stock opened at $11.31 on Thursday. The company’s fifty day simple moving average is $10.01 and its 200-day simple moving average is $9.62. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 19.84 and a beta of 1.21. SilverCrest Metals Inc. has a 1 year low of $4.83 and a 1 year high of $11.91.

About SilverCrest Metals

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.