SilverCrest Metals Inc. (NYSE:SILV) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its holdings in SilverCrest Metals Inc. (NYSE:SILV) by 35.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 403,574 shares of the company’s stock after buying an additional 106,539 shares during the period. The Manufacturers Life Insurance Company owned about 0.27% of SilverCrest Metals worth $3,749,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Toronto Dominion Bank increased its holdings 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. Commonwealth Equity Services LLC increased 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 valued at $729,000 after purchasing an additional 2,744 shares during the period. Blue Trust Inc. raised its holdings in shares of SilverCrest Metals by 194.1% during the third quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock valued at $47,000 after buying an additional 3,379 shares during the last quarter. Mather Group LLC. acquired a new position in shares of SilverCrest Metals during the second quarter worth approximately $28,000. Finally, NewEdge Advisors LLC grew 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 buying an additional 4,957 shares in the last quarter. Institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Price Performance

SilverCrest Metals stock opened at $10.39 on Friday. SilverCrest Metals Inc. has a 12-month low of $4.83 and a 12-month high of $11.91. The stock has a market capitalization of $1.54 billion, a PE ratio of 18.23 and a beta of 1.19. The firm has a 50 day simple moving average of $10.20 and a 200-day simple moving average of $9.23.

Wall Street Analyst Weigh In

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

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.