Blue Trust Inc. Boosts Stock Position in SilverCrest Metals Inc. (NYSE:SILV)

Blue Trust Inc. raised its position in shares of SilverCrest Metals Inc. (NYSE:SILV) by 194.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,120 shares of the company’s stock after purchasing an additional 3,379 shares during the quarter. Blue Trust Inc.’s holdings in SilverCrest Metals were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Toronto Dominion Bank boosted its stake in shares of SilverCrest Metals by 40.7% in the second quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock worth $35,000 after buying an additional 1,225 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of SilverCrest Metals by 3.2% in the second quarter. Commonwealth Equity Services LLC now owns 89,419 shares of the company’s stock worth $729,000 after buying an additional 2,744 shares during the last quarter. Mather Group LLC. acquired a new position in SilverCrest Metals in the 2nd quarter worth about $28,000. NewEdge Advisors LLC raised its holdings in SilverCrest Metals by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 145,375 shares of the company’s stock worth $1,185,000 after purchasing an additional 4,957 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its holdings in SilverCrest Metals by 12.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 63,990 shares of the company’s stock worth $426,000 after purchasing an additional 7,000 shares during the period. Hedge funds and other institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Stock Performance

SILV opened at $9.76 on Friday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.75 and a beta of 1.23. The stock’s fifty day moving average price is $9.54. SilverCrest Metals Inc. has a 52 week low of $4.79 and a 52 week high of $11.91.

SilverCrest Metals (NYSE:SILV) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). SilverCrest Metals had a net margin of 40.61% and a return on equity of 25.66%. The business had revenue of $72.74 million during the quarter. Research analysts expect that SilverCrest Metals Inc. will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SILV. Scotiabank upped their price target on SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th. Ventum Cap Mkts cut SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th.

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.