SilverCrest Metals Inc. (NYSE:SILV) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of SilverCrest Metals Inc. (NYSE:SILV) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,216,200 shares of the company’s stock after acquiring an additional 180,200 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.49% of SilverCrest Metals worth $20,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SILV. Allspring Global Investments Holdings LLC acquired a new position in SilverCrest Metals in the 2nd quarter worth about $2,467,000. Van ECK Associates Corp grew its stake in SilverCrest Metals by 8.3% in the 3rd quarter. Van ECK Associates Corp now owns 14,114,981 shares of the company’s stock valued at $130,564,000 after acquiring an additional 1,083,681 shares during the period. Fermata Advisors LLC acquired a new stake in shares of SilverCrest Metals in the second quarter valued at about $99,000. Renaissance Technologies LLC raised its position in shares of SilverCrest Metals by 2,768.5% during the 2nd quarter. Renaissance Technologies LLC now owns 445,300 shares of the company’s stock worth $3,629,000 after purchasing an additional 429,776 shares during the last quarter. Finally, TD Asset Management Inc lifted its stake in SilverCrest Metals by 16.4% in the 2nd quarter. TD Asset Management Inc now owns 2,113,126 shares of the company’s stock valued at $17,265,000 after buying an additional 297,365 shares in the last quarter. 44.75% of the stock is currently owned by institutional investors and hedge funds.

SilverCrest Metals Trading Down 2.3 %

NYSE SILV opened at $10.17 on Thursday. The business’s fifty day simple moving average is $9.98. The stock has a market cap of $1.51 billion, a PE ratio of 15.09 and a beta of 1.21. SilverCrest Metals Inc. has a twelve month low of $4.83 and a twelve month high of $11.91.

Analyst Ratings Changes

A number of research firms recently weighed in on SILV. Scotiabank boosted their price target on shares of SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Ventum Cap Mkts lowered shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a report 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.