SilverCrest Metals Inc. (NYSE:SILV) Position Reduced by Ninety One UK Ltd

Ninety One UK Ltd cut its position in shares of SilverCrest Metals Inc. (NYSE:SILV) by 50.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 156,799 shares of the company’s stock after selling 156,799 shares during the quarter. Ninety One UK Ltd owned 0.11% of SilverCrest Metals worth $1,427,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SILV. Blue Trust Inc. lifted its stake in SilverCrest Metals by 194.1% during the third quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock valued at $47,000 after buying an additional 3,379 shares in the last quarter. Eastern Bank acquired a new position in SilverCrest Metals in the third quarter worth approximately $88,000. D.A. Davidson & CO. acquired a new position in SilverCrest Metals in the third quarter worth approximately $92,000. Austin Private Wealth LLC acquired a new position in SilverCrest Metals in the third quarter worth approximately $94,000. Finally, Virtu Financial LLC acquired a new position in SilverCrest Metals in the third quarter worth approximately $95,000. 44.75% of the stock is owned by hedge funds and other institutional investors.

SilverCrest Metals Stock Performance

NYSE:SILV opened at $11.31 on Thursday. The stock’s 50 day moving average price is $10.01 and its 200 day moving average price is $9.62. SilverCrest Metals Inc. has a 52 week low of $4.83 and a 52 week high of $11.91. The company has a market capitalization of $1.69 billion, a P/E ratio of 19.84 and a beta of 1.21.

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.