SilverCrest Metals Inc. (NYSEAMERICAN:SILV) Shares Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lifted its stake in SilverCrest Metals Inc. (NYSEAMERICAN:SILV) by 356.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,350 shares of the company’s stock after buying an additional 105,700 shares during the period. Pekin Hardy Strauss Inc. owned approximately 0.09% of SilverCrest Metals worth $892,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SILV. Sprott Inc. grew its position in shares of SilverCrest Metals by 8.4% during the third quarter. Sprott Inc. now owns 9,347,721 shares of the company’s stock worth $44,618,000 after buying an additional 722,417 shares in the last quarter. U S Global Investors Inc. lifted its holdings in SilverCrest Metals by 418.2% during the 4th quarter. U S Global Investors Inc. now owns 285,000 shares of the company’s stock worth $1,870,000 after buying an additional 230,000 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of SilverCrest Metals by 28.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,032,594 shares of the company’s stock worth $6,775,000 after acquiring an additional 228,642 shares in the last quarter. Triasima Portfolio Management inc. acquired a new position in shares of SilverCrest Metals in the 4th quarter worth approximately $1,440,000. Finally, Van ECK Associates Corp increased its holdings in shares of SilverCrest Metals by 1.2% in the 4th quarter. Van ECK Associates Corp now owns 14,849,037 shares of the company’s stock valued at $97,261,000 after acquiring an additional 178,950 shares during the last quarter. Institutional investors and hedge funds own 44.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Scotiabank upped their price objective on SilverCrest Metals from $7.00 to $7.50 and gave the stock a “sector outperform” rating in a research note on Monday, April 8th. Desjardins cut shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th.

SilverCrest Metals Trading Down 4.5 %

NYSEAMERICAN:SILV opened at $8.18 on Wednesday. The firm has a market cap of $1.20 billion, a P/E ratio of 10.97 and a beta of 1.32. 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 quarterly earnings data on Monday, March 11th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.09. The firm 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%. Equities research analysts predict that SilverCrest Metals Inc. will post 0.54 EPS for the current year.

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.