BNP Paribas Financial Markets Grows Stake in SilverCrest Metals Inc. (NYSE:SILV)

BNP Paribas Financial Markets increased its holdings in SilverCrest Metals Inc. (NYSE:SILV) by 46.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 215,321 shares of the company’s stock after buying an additional 67,966 shares during the period. BNP Paribas Financial Markets owned 0.14% of SilverCrest Metals worth $1,992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in SilverCrest Metals in the second quarter valued at $2,467,000. Van ECK Associates Corp boosted its holdings in shares of SilverCrest Metals by 8.3% in the 3rd 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. Fermata Advisors LLC bought a new position in shares of SilverCrest Metals during the 2nd quarter valued at about $99,000. Renaissance Technologies LLC raised its holdings in shares of SilverCrest Metals by 2,768.5% during the 2nd 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. Finally, TD Asset Management Inc lifted its position in SilverCrest Metals by 16.4% in the 2nd quarter. TD Asset Management Inc now owns 2,113,126 shares of the company’s stock worth $17,265,000 after buying an additional 297,365 shares during the last quarter. Hedge funds and other institutional investors own 44.75% of the company’s stock.

Wall Street Analyst Weigh In

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

SilverCrest Metals Stock Down 2.4 %

NYSE:SILV opened at $10.39 on Friday. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 18.23 and a beta of 1.19. The company’s 50 day moving average price is $10.20 and its 200-day moving average price is $9.23. SilverCrest Metals Inc. has a 52 week low of $4.83 and a 52 week high of $11.91.

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.