Oxbow Advisors LLC Has $557,000 Position in SilverCrest Metals Inc. (NYSE:SILV)

Oxbow Advisors LLC increased its position in shares of SilverCrest Metals Inc. (NYSE:SILV) by 117.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,299 shares of the company’s stock after acquiring an additional 36,949 shares during the period. Oxbow Advisors LLC’s holdings in SilverCrest Metals were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in shares of SilverCrest Metals during the 2nd quarter worth about $28,000. Perritt Capital Management Inc. acquired a new stake in SilverCrest Metals in the first quarter valued at approximately $52,000. Fermata Advisors LLC bought a new stake in SilverCrest Metals in the second quarter worth approximately $99,000. Cambridge Trust Co. grew its position in SilverCrest Metals by 225.5% in the first quarter. Cambridge Trust Co. now owns 28,257 shares of the company’s stock worth $188,000 after acquiring an additional 19,577 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of SilverCrest Metals during the 2nd quarter worth $213,000. Institutional investors and hedge funds own 44.75% of the company’s stock.

SilverCrest Metals Trading Down 5.7 %

SILV traded down $0.45 during trading on Friday, hitting $7.39. The stock had a trading volume of 1,688,832 shares, compared to its average volume of 1,579,925. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 10.82 and a beta of 1.22. SilverCrest Metals Inc. has a 12 month low of $4.26 and a 12 month high of $10.27. The company has a 50 day simple moving average of $8.73.

SilverCrest Metals (NYSE:SILV) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). SilverCrest Metals had a return on equity of 25.66% and a net margin of 40.61%. The business had revenue of $72.74 million during the quarter. As a group, research analysts forecast that SilverCrest Metals Inc. will post 0.65 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Nicolaus increased their target price on shares of SilverCrest Metals from $9.75 to $11.25 and gave the stock a “buy” rating in a research report on Wednesday, May 15th. Scotiabank boosted their target price on SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a report on Monday, August 19th.

SilverCrest Metals Company Profile

SilverCrest Metals Inc focuses on the acquisition, exploration, advancement and development of base mineral and precious metals properties primarily in Mexico. The company’s properties consist of Las Chispas property. SilverCrest Metals Inc is headquartered in Vancouver, BC.