SilverCrest Metals Inc. (NYSE:SILV) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its stake in SilverCrest Metals Inc. (NYSE:SILV) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 216,554 shares of the company’s stock after acquiring an additional 1,296 shares during the quarter. CIBC Asset Management Inc owned approximately 0.15% of SilverCrest Metals worth $1,971,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. raised its stake in 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 purchasing an additional 3,379 shares during the last quarter. Eastern Bank acquired a new position in shares of SilverCrest Metals in the third quarter valued at approximately $88,000. Van ECK Associates Corp lifted its stake in shares of SilverCrest Metals by 8.3% during the third quarter. Van ECK Associates Corp now owns 14,114,981 shares of the company’s stock valued at $130,564,000 after buying an additional 1,083,681 shares during the period. Austin Private Wealth LLC acquired a new stake in SilverCrest Metals during the third quarter worth approximately $94,000. Finally, Versor Investments LP purchased a new stake in SilverCrest Metals in the 3rd quarter worth approximately $102,000. 44.75% of the stock is currently owned by hedge funds and other institutional investors.

SilverCrest Metals Stock Performance

Shares of SILV opened at $11.55 on Friday. SilverCrest Metals Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $11.98. The company has a market capitalization of $1.72 billion, a PE ratio of 20.26 and a beta of 1.21. The stock has a fifty day moving average of $10.21 and a two-hundred day moving average of $9.79.

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.