Vestcor Inc Makes New Investment in SilverCrest Metals Inc. (NYSE:SILV)

Vestcor Inc acquired a new stake in SilverCrest Metals Inc. (NYSE:SILV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 180,654 shares of the company’s stock, valued at approximately $1,644,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc raised its holdings in shares of SilverCrest Metals by 0.6% in the 4th quarter. CIBC Asset Management Inc now owns 216,554 shares of the company’s stock valued at $1,971,000 after purchasing an additional 1,296 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of SilverCrest Metals by 27.4% in the 4th quarter. Blue Trust Inc. now owns 6,522 shares of the company’s stock valued at $60,000 after purchasing an additional 1,402 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of SilverCrest Metals by 6.9% in the 3rd quarter. Townsquare Capital LLC now owns 23,012 shares of the company’s stock valued at $213,000 after purchasing an additional 1,477 shares in the last quarter. Lane Generational LLC raised its holdings in shares of SilverCrest Metals by 0.5% in the 4th quarter. Lane Generational LLC now owns 565,166 shares of the company’s stock valued at $5,143,000 after purchasing an additional 2,888 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of SilverCrest Metals by 1.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 296,300 shares of the company’s stock valued at $2,699,000 after purchasing an additional 3,400 shares in the last quarter. 44.75% of the stock is currently owned by institutional investors and hedge funds.

SilverCrest Metals Stock Performance

Shares of SILV opened at $11.55 on Friday. The firm’s fifty day simple moving average is $10.90 and its 200-day simple moving average is $10.14. SilverCrest Metals Inc. has a twelve month low of $4.83 and a twelve month high of $11.98. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 20.26 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.