UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 18,959 Shares of SilverCrest Metals Inc. (NYSE:SILV)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in SilverCrest Metals Inc. (NYSE:SILV) by 12.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,036 shares of the company’s stock after selling 18,959 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.09% of SilverCrest Metals worth $1,249,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Corundum Trust Company INC bought a new stake in SilverCrest Metals in the second quarter valued at about $363,000. Allspring Global Investments Holdings LLC bought a new stake in shares of SilverCrest Metals in the 2nd quarter valued at approximately $2,467,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of SilverCrest Metals by 6.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 139,726 shares of the company’s stock worth $1,139,000 after buying an additional 8,182 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of SilverCrest Metals by 3.2% in the 2nd 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 in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of SilverCrest Metals by 6.2% during the 2nd quarter. CIBC Asset Management Inc now owns 216,259 shares of the company’s stock worth $1,766,000 after buying an additional 12,652 shares during the period. Institutional investors and hedge funds own 44.75% of the company’s stock.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts cut SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th.

SilverCrest Metals Stock Up 0.5 %

Shares of SILV stock opened at $10.05 on Wednesday. The company has a market capitalization of $1.49 billion, a P/E ratio of 17.63 and a beta of 1.19. SilverCrest Metals Inc. has a 12-month low of $4.83 and a 12-month high of $11.91. The firm has a 50-day moving average price of $10.37 and a 200 day moving average price of $9.32.

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.