Everett Harris & Co. CA Trims Stock Position in SilverCrest Metals Inc. (NYSE:SILV)

Everett Harris & Co. CA trimmed its holdings in SilverCrest Metals Inc. (NYSE:SILV) by 10.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 36,850 shares of the company’s stock after selling 4,108 shares during the period. Everett Harris & Co. CA’s holdings in SilverCrest Metals were worth $341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mather Group LLC. purchased a new stake in shares of SilverCrest Metals during the 2nd quarter worth approximately $28,000. Toronto Dominion Bank lifted its holdings in shares of SilverCrest Metals by 40.7% in the 2nd quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock valued at $35,000 after purchasing an additional 1,225 shares during the last quarter. Blue Trust Inc. boosted its position in shares of 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 period. Perritt Capital Management Inc. purchased a new position in SilverCrest Metals during the 1st quarter worth approximately $52,000. Finally, Fermata Advisors LLC purchased a new stake in SilverCrest Metals in the second quarter valued at approximately $99,000. 44.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SILV has been the topic of a number of recent research reports. Ventum Cap Mkts cut shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report on Friday, October 4th. Scotiabank raised their price target 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 Stock Performance

Shares of SilverCrest Metals stock opened at $11.13 on Friday. SilverCrest Metals Inc. has a one year low of $4.79 and a one year high of $11.27. The stock has a market cap of $1.65 billion, a P/E ratio of 13.41 and a beta of 1.23. The stock’s fifty day moving average price is $9.06.

SilverCrest Metals (NYSE:SILV) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The business had revenue of $72.74 million during the quarter. SilverCrest Metals had a net margin of 40.61% and a return on equity of 25.66%. As a group, equities analysts anticipate that SilverCrest Metals Inc. will post 0.59 EPS for the current year.

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.