Van ECK Associates Corp Increases Position in SilverCrest Metals Inc. (NYSEAMERICAN:SILV)

Van ECK Associates Corp lifted its position in shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILV) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,849,037 shares of the company’s stock after purchasing an additional 178,950 shares during the period. Van ECK Associates Corp owned about 0.10% of SilverCrest Metals worth $97,261,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. WINTON GROUP Ltd purchased a new stake in SilverCrest Metals during the third quarter worth approximately $61,000. Invesco Ltd. boosted its holdings in shares of SilverCrest Metals by 0.9% in the 3rd quarter. Invesco Ltd. now owns 4,732,026 shares of the company’s stock valued at $20,868,000 after buying an additional 42,589 shares in the last quarter. Rathbones Group PLC purchased a new stake in SilverCrest Metals in the third quarter valued at approximately $140,000. Sprott Inc. grew its position in SilverCrest Metals by 8.4% in the 3rd quarter. Sprott Inc. now owns 9,347,721 shares of the company’s stock valued at $44,618,000 after buying an additional 722,417 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new position in SilverCrest Metals during the 4th quarter worth $33,000. 44.75% of the stock is owned by hedge funds and other institutional investors.

SilverCrest Metals Trading Down 4.3 %

SILV traded down $0.37 during midday trading on Tuesday, reaching $8.19. 707,178 shares of the company’s stock were exchanged, compared to its average volume of 1,481,935. The stock has a market cap of $1.20 billion, a P/E ratio of 10.94 and a beta of 1.31. SilverCrest Metals Inc. has a 1-year low of $4.16 and a 1-year high of $8.65.

SilverCrest Metals (NYSEAMERICAN:SILV) last released its earnings results on Monday, March 11th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. The company had revenue of $61.32 million for the quarter. SilverCrest Metals had a net margin of 47.62% and a return on equity of 33.11%. As a group, analysts forecast that SilverCrest Metals Inc. will post 0.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SILV. Desjardins cut shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Scotiabank upped their price target on shares of SilverCrest Metals from $7.00 to $7.50 and gave the stock a “sector outperform” rating in a research note on Monday, April 8th.

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.