HighTower Advisors LLC Has $187,000 Stake in SilverCrest Metals Inc. (NYSE:SILV)

HighTower Advisors LLC lifted its stake in SilverCrest Metals Inc. (NYSE:SILV) by 65.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,179 shares of the company’s stock after buying an additional 7,981 shares during the period. HighTower Advisors LLC’s holdings in SilverCrest Metals were worth $187,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Toronto Dominion Bank boosted its stake in SilverCrest Metals by 40.7% during the 2nd quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock worth $35,000 after acquiring an additional 1,225 shares during the last quarter. Blue Trust Inc. raised its stake in shares of SilverCrest Metals by 194.1% during the 3rd quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock worth $47,000 after purchasing an additional 3,379 shares in the last quarter. Eastern Bank acquired a new stake in shares of SilverCrest Metals in the 3rd quarter valued at approximately $88,000. D.A. Davidson & CO. bought a new position in shares of SilverCrest Metals in the 3rd quarter valued at about $92,000. Finally, Austin Private Wealth LLC acquired a new position in SilverCrest Metals during the third quarter worth approximately $94,000. Institutional investors and hedge funds own 44.75% of the company’s stock.

Analyst Upgrades and Downgrades

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

SilverCrest Metals Stock Down 0.5 %

SILV stock opened at $9.17 on Thursday. SilverCrest Metals Inc. has a 12-month low of $4.83 and a 12-month high of $11.91. The company’s fifty day simple moving average is $10.27 and its 200 day simple moving average is $9.35. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 16.09 and a beta of 1.19.

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.