SilverCrest Metals Inc. (NYSE:SILV) Position Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of SilverCrest Metals Inc. (NYSE:SILV) by 7.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 71,022 shares of the company’s stock after purchasing an additional 5,227 shares during the period. Geode Capital Management LLC’s holdings in SilverCrest Metals were worth $662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SILV. Toronto Dominion Bank grew its stake 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 valued at $35,000 after buying an additional 1,225 shares in the last quarter. Townsquare Capital LLC grew its stake in shares of SilverCrest Metals by 6.9% in the 3rd quarter. Townsquare Capital LLC now owns 23,012 shares of the company’s stock valued at $213,000 after buying an additional 1,477 shares in the last quarter. Commonwealth Equity Services LLC grew its stake 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 valued at $729,000 after buying an additional 2,744 shares in the last quarter. Blue Trust Inc. grew its stake 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 valued at $47,000 after buying an additional 3,379 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of SilverCrest Metals by 3.5% in the 2nd quarter. NewEdge Advisors LLC now owns 145,375 shares of the company’s stock valued at $1,185,000 after buying an additional 4,957 shares in the last quarter. Hedge funds and other institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Stock Performance

SILV opened at $9.93 on Friday. The business has a 50 day moving average price of $9.95 and a 200 day moving average price of $9.47. SilverCrest Metals Inc. has a twelve month low of $4.83 and a twelve month high of $11.91. The firm has a market cap of $1.48 billion, a P/E ratio of 17.42 and a beta of 1.20.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts cut SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note 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.