Raymond James & Associates Acquires Shares of 13,184 SilverCrest Metals Inc. (SILV)

Raymond James & Associates acquired a new position in SilverCrest Metals Inc. (NASDAQ:SILV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,184 shares of the company’s stock, valued at approximately $39,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Neuberger Berman Group LLC acquired a new position in shares of SilverCrest Metals during the 3rd quarter worth approximately $37,000. Intact Investment Management Inc. acquired a new position in shares of SilverCrest Metals during the 4th quarter worth approximately $1,191,000. ETF Managers Group LLC increased its holdings in shares of SilverCrest Metals by 25.8% during the 4th quarter. ETF Managers Group LLC now owns 430,837 shares of the company’s stock worth $1,259,000 after acquiring an additional 88,424 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of SilverCrest Metals during the 4th quarter worth approximately $3,420,000.

Shares of NASDAQ SILV opened at $3.40 on Friday. SilverCrest Metals Inc. has a one year low of $1.60 and a one year high of $3.89.

A number of brokerages have commented on SILV. Zacks Investment Research lowered SilverCrest Metals from a “hold” rating to a “sell” rating in a report on Tuesday, January 1st. Macquarie reaffirmed a “buy” rating on shares of SilverCrest Metals in a report on Tuesday, February 26th. Beacon Securities reaffirmed a “buy” rating on shares of SilverCrest Metals in a report on Thursday, January 10th. Finally, BMO Capital Markets began coverage on SilverCrest Metals in a report on Wednesday, February 13th. They issued an “outperform” rating and a $3.63 price objective on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $3.63.

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About SilverCrest Metals

SilverCrest Metals Inc engages in the acquisition, exploration, and development of precious metal properties. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 27 concessions totaling approximately 1,389 hectares located in Sonora, Mexico.

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Institutional Ownership by Quarter for SilverCrest Metals (NASDAQ:SILV)

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