SilverCrest Metals Inc. (NYSE:SILV) Shares Sold by Foundry Partners LLC

Foundry Partners LLC decreased its holdings in SilverCrest Metals Inc. (NYSE:SILV) by 6.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 577,025 shares of the company’s stock after selling 39,085 shares during the period. Foundry Partners LLC’s holdings in SilverCrest Metals were worth $5,337,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SILV. Van ECK Associates Corp boosted its position in SilverCrest Metals by 8.3% in the 3rd quarter. Van ECK Associates Corp now owns 14,114,981 shares of the company’s stock valued at $130,564,000 after buying an additional 1,083,681 shares during the period. Tidal Investments LLC raised its stake in SilverCrest Metals by 5,624.4% during the 1st quarter. Tidal Investments LLC now owns 4,352,930 shares of the company’s stock worth $28,991,000 after acquiring an additional 4,276,888 shares in the last quarter. Mackenzie Financial Corp raised its stake in SilverCrest Metals by 137.4% during the 2nd quarter. Mackenzie Financial Corp now owns 2,510,176 shares of the company’s stock worth $20,516,000 after acquiring an additional 1,452,622 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in SilverCrest Metals by 8.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,216,200 shares of the company’s stock worth $20,563,000 after acquiring an additional 180,200 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in SilverCrest Metals by 16.4% during the 2nd quarter. TD Asset Management Inc now owns 2,113,126 shares of the company’s stock worth $17,265,000 after acquiring an additional 297,365 shares in the last quarter. Institutional investors and hedge funds own 44.75% of the company’s stock.

SilverCrest Metals Trading Up 2.0 %

SILV stock opened at $10.37 on Friday. The company has a market cap of $1.54 billion, a P/E ratio of 18.20 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. The company’s 50-day moving average price is $10.05 and its 200 day moving average price is $9.07.

Analyst Ratings Changes

Several brokerages recently commented on SILV. Scotiabank lifted their price target on shares of SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Ventum Cap Mkts lowered shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note 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.