PCJ Investment Counsel Ltd. Raises Position in SilverCrest Metals Inc. (NYSE:SILV)

PCJ Investment Counsel Ltd. raised its stake in SilverCrest Metals Inc. (NYSE:SILV) by 27.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 255,620 shares of the company’s stock after purchasing an additional 55,330 shares during the quarter. PCJ Investment Counsel Ltd.’s holdings in SilverCrest Metals were worth $2,328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SILV. Versor Investments LP increased its position in shares of SilverCrest Metals by 5,874.0% during the fourth quarter. Versor Investments LP now owns 657,143 shares of the company’s stock valued at $5,980,000 after acquiring an additional 646,143 shares during the last quarter. ABC Arbitrage SA purchased a new stake in shares of SilverCrest Metals during the fourth quarter valued at approximately $4,422,000. JPMorgan Chase & Co. increased its position in shares of SilverCrest Metals by 44.1% during the third quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock valued at $10,585,000 after acquiring an additional 350,294 shares during the last quarter. New York Life Investment Management LLC purchased a new stake in shares of SilverCrest Metals during the fourth quarter valued at approximately $2,646,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of SilverCrest Metals by 8.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,216,200 shares of the company’s stock valued at $20,563,000 after acquiring an additional 180,200 shares during the last quarter. 44.75% of the stock is owned by hedge funds and other institutional investors.

SilverCrest Metals Stock Performance

Shares of SILV opened at $11.55 on Friday. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 20.26 and a beta of 1.21. The stock has a 50 day moving average of $10.67 and a 200 day moving average of $10.04. SilverCrest Metals Inc. has a 12 month low of $4.83 and a 12 month high of $11.98.

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.