2,389,564 Shares in SilverCrest Metals Inc. (NYSE:SILV) Bought by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC purchased a new position in SilverCrest Metals Inc. (NYSE:SILV) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,389,564 shares of the company’s stock, valued at approximately $21,745,000.

Other large investors also recently modified their holdings of the company. Magnetar Financial LLC acquired a new position in shares of SilverCrest Metals in the 4th quarter valued at approximately $32,978,000. Alpine Associates Management Inc. acquired a new position in shares of SilverCrest Metals in the fourth quarter valued at approximately $30,883,000. Arrowstreet Capital Limited Partnership increased its position in shares of SilverCrest Metals by 1,070.9% during the fourth 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 in the last quarter. Versor Investments LP raised its holdings in shares of SilverCrest Metals by 5,874.0% during the fourth quarter. Versor Investments LP now owns 657,143 shares of the company’s stock worth $5,980,000 after acquiring an additional 646,143 shares during the period. Finally, ABC Arbitrage SA bought a new stake in SilverCrest Metals in the 4th quarter valued at $4,422,000. 44.75% of the stock is currently owned by institutional investors.

SilverCrest Metals Stock Performance

SILV stock opened at $11.55 on Friday. The stock has a 50-day moving average price of $11.36 and a two-hundred day moving average price of $10.49. SilverCrest Metals Inc. has a 1 year low of $4.83 and a 1 year high of $11.98. The stock has a market cap of $1.72 billion, a PE ratio of 20.26 and a beta of 1.21.

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.