Renaissance Technologies LLC Acquires 580,100 Shares of SilverCrest Metals Inc. (NYSE:SILV)

Renaissance Technologies LLC boosted its stake in shares of SilverCrest Metals Inc. (NYSE:SILV) by 198.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 872,500 shares of the company’s stock after acquiring an additional 580,100 shares during the quarter. Renaissance Technologies LLC’s holdings in SilverCrest Metals were worth $7,940,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Magnetar Financial LLC purchased a new stake in SilverCrest Metals during the 4th quarter valued at $32,978,000. Alpine Associates Management Inc. bought a new position in SilverCrest Metals during the fourth quarter valued at $30,883,000. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in shares of SilverCrest Metals in the fourth quarter valued at $21,745,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of SilverCrest Metals by 1,070.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,421,604 shares of the company’s stock worth $12,948,000 after acquiring an additional 1,300,191 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of SilverCrest Metals by 44.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock worth $10,585,000 after purchasing an additional 350,294 shares during the period. 44.75% of the stock is owned by institutional investors.

SilverCrest Metals Price Performance

SilverCrest Metals stock opened at $11.55 on Friday. SilverCrest Metals Inc. has a 1-year low of $4.83 and a 1-year high of $11.98. The company’s 50-day moving average is $11.55 and its 200 day moving average is $10.63. The firm has a market capitalization of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21.

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.