Wealth Enhancement Advisory Services LLC Sells 1,100 Shares of SilverCrest Metals Inc. (NYSE:SILV)

Wealth Enhancement Advisory Services LLC lowered its position in SilverCrest Metals Inc. (NYSE:SILV) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,626 shares of the company’s stock after selling 1,100 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SilverCrest Metals were worth $367,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SILV. Mather Group LLC. bought a new stake in shares of SilverCrest Metals in the 2nd quarter worth approximately $28,000. Toronto Dominion Bank lifted its position in shares of SilverCrest Metals by 40.7% in 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 period. Blue Trust Inc. lifted its position in shares of SilverCrest Metals by 194.1% in the 3rd quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock worth $47,000 after acquiring an additional 3,379 shares during the period. Perritt Capital Management Inc. acquired a new position in shares of SilverCrest Metals in the 1st quarter worth approximately $52,000. Finally, Eastern Bank acquired a new position in shares of SilverCrest Metals in the 3rd quarter worth approximately $88,000. Institutional investors own 44.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities 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 report on Friday, October 4th. Scotiabank increased their target price on SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th.

SilverCrest Metals Stock Performance

Shares of SILV opened at $10.31 on Friday. The stock has a 50 day moving average of $9.68. SilverCrest Metals Inc. has a 1 year low of $4.83 and a 1 year high of $11.91. The firm has a market cap of $1.53 billion, a PE ratio of 14.52 and a beta of 1.21.

SilverCrest Metals (NYSE:SILV) last released 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 for the quarter. As a group, analysts anticipate that SilverCrest Metals Inc. will post 0.55 earnings per share for the current fiscal year.

About SilverCrest Metals

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.