SilverCrest Metals Inc. (NYSE:SILV) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in SilverCrest Metals Inc. (NYSE:SILV) by 44.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,144,326 shares of the company’s stock after acquiring an additional 350,294 shares during the period. JPMorgan Chase & Co. owned about 0.77% of SilverCrest Metals worth $10,585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Van ECK Associates Corp increased its position 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 valued at $130,564,000 after purchasing an additional 1,083,681 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of SilverCrest Metals by 137.4% during the second quarter. Mackenzie Financial Corp now owns 2,510,176 shares of the company’s stock worth $20,516,000 after purchasing an additional 1,452,622 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in SilverCrest Metals by 8.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,216,200 shares of the company’s stock worth $20,563,000 after purchasing an additional 180,200 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of SilverCrest Metals by 22.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,414,499 shares of the company’s stock valued at $11,529,000 after buying an additional 262,568 shares during the last quarter. Finally, Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group acquired a new stake in SilverCrest Metals during the 2nd quarter worth $3,653,000. Institutional investors and hedge funds own 44.75% of the company’s stock.

SilverCrest Metals Stock Down 2.3 %

Shares of NYSE:SILV opened at $9.93 on Monday. The company has a 50-day moving average price of $9.95 and a 200 day moving average price of $9.48. SilverCrest Metals Inc. has a 52 week low of $4.83 and a 52 week high of $11.91. The company has a market cap of $1.48 billion, a P/E ratio of 17.42 and a beta of 1.20.

Analyst Upgrades and Downgrades

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

SilverCrest Metals Company 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.