XTX Topco Ltd Acquires Shares of 69,859 SilverCrest Metals Inc. (NYSE:SILV)

XTX Topco Ltd acquired a new stake in SilverCrest Metals Inc. (NYSE:SILV) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 69,859 shares of the company’s stock, valued at approximately $646,000.

Other hedge funds also recently modified their holdings of the company. Toronto Dominion Bank boosted its stake 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 stake 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 last quarter. Eastern Bank bought a new position in shares of SilverCrest Metals in the 3rd quarter valued at about $88,000. D.A. Davidson & CO. bought a new position in SilverCrest Metals during the 3rd quarter worth approximately $92,000. Finally, Austin Private Wealth LLC bought a new position in SilverCrest Metals during the 3rd quarter worth approximately $94,000. Institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Stock Performance

Shares of SILV opened at $10.87 on Friday. SilverCrest Metals Inc. has a twelve month low of $4.83 and a twelve month high of $11.91. The firm’s 50 day moving average price is $10.32 and its two-hundred day moving average price is $9.28. The firm has a market cap of $1.62 billion, a P/E ratio of 19.06 and a beta of 1.19.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Ventum Cap Mkts lowered shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th.

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.