Magnetar Financial LLC Purchases New Holdings in SilverCrest Metals Inc. (NYSE:SILV)

Magnetar Financial LLC purchased a new stake in SilverCrest Metals Inc. (NYSE:SILV) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,623,996 shares of the company’s stock, valued at approximately $32,978,000.

Several other hedge funds have also made changes to their positions in the company. Alpine Associates Management Inc. purchased a new stake in shares of SilverCrest Metals in the 4th quarter valued at approximately $30,883,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in SilverCrest Metals by 8.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,216,200 shares of the company’s stock worth $20,563,000 after buying an additional 180,200 shares in the last quarter. JPMorgan Chase & Co. lifted its position in SilverCrest Metals by 44.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock worth $10,585,000 after buying an additional 350,294 shares in the last quarter. Amundi lifted its position in SilverCrest Metals by 23.0% in the 4th quarter. Amundi now owns 743,550 shares of the company’s stock worth $6,766,000 after buying an additional 139,104 shares in the last quarter. Finally, Versor Investments LP lifted its position in SilverCrest Metals by 5,874.0% in the 4th quarter. Versor Investments LP now owns 657,143 shares of the company’s stock worth $5,980,000 after buying an additional 646,143 shares in the last quarter. Hedge funds and other institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Price Performance

SILV stock opened at $11.55 on Thursday. SilverCrest Metals Inc. has a 12-month low of $4.83 and a 12-month high of $11.98. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 20.26 and a beta of 1.21. The company has a 50 day moving average of $10.99 and a two-hundred day moving average of $10.22.

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.