Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Takes $3.65 Million Position in SilverCrest Metals Inc. (NYSE:SILV)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group bought a new position in shares of SilverCrest Metals Inc. (NYSE:SILV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 447,627 shares of the company’s stock, valued at approximately $3,653,000. SilverCrest Metals comprises about 1.4% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s portfolio, making the stock its 22nd biggest holding. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group owned about 0.30% of SilverCrest Metals at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in shares of SilverCrest Metals by 5,624.4% in 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 during the last quarter. Mackenzie Financial Corp boosted its position in shares of SilverCrest Metals by 137.4% during the second quarter. Mackenzie Financial Corp now owns 2,510,176 shares of the company’s stock worth $20,516,000 after buying an additional 1,452,622 shares during the period. Renaissance Technologies LLC grew its stake in shares of SilverCrest Metals by 2,768.5% in the second quarter. Renaissance Technologies LLC now owns 445,300 shares of the company’s stock valued at $3,629,000 after buying an additional 429,776 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of SilverCrest Metals in the second quarter valued at $2,467,000. Finally, TD Asset Management Inc raised its holdings in shares of SilverCrest Metals by 16.4% in the 2nd quarter. TD Asset Management Inc now owns 2,113,126 shares of the company’s stock valued at $17,265,000 after buying an additional 297,365 shares during the period. Hedge funds and other institutional investors own 44.75% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank lifted their price objective on shares of SilverCrest Metals from $8.50 to $9.00 and gave the company a “sector perform” rating in a report on Monday, August 19th.

SilverCrest Metals Stock Performance

NYSE:SILV opened at $9.26 on Wednesday. SilverCrest Metals Inc. has a 12-month low of $4.26 and a 12-month high of $10.27. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 11.15 and a beta of 1.23. The company has a fifty day moving average of $8.74.

SilverCrest Metals (NYSE:SILV) last issued its earnings results on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). SilverCrest Metals had a return on equity of 25.66% and a net margin of 40.61%. The firm had revenue of $72.74 million for the quarter. Equities analysts anticipate that SilverCrest Metals Inc. will post 0.62 earnings per share for the current fiscal year.

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.