Picton Mahoney Asset Management Makes New Investment in SilverCrest Metals Inc. (NYSE:SILV)

Picton Mahoney Asset Management acquired a new position in shares of SilverCrest Metals Inc. (NYSE:SILV) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 474,028 shares of the company’s stock, valued at approximately $4,313,000.

Several other large investors also recently bought and sold shares of SILV. Alpine Associates Management Inc. purchased a new stake in SilverCrest Metals during the 4th quarter worth approximately $30,883,000. Versor Investments LP grew its position in shares of SilverCrest Metals by 5,874.0% in the fourth quarter. Versor Investments LP now owns 657,143 shares of the company’s stock valued at $5,980,000 after purchasing an additional 646,143 shares in the last quarter. ABC Arbitrage SA purchased a new stake in shares of SilverCrest Metals in the fourth quarter valued at approximately $4,422,000. JPMorgan Chase & Co. grew its position in shares of SilverCrest Metals by 44.1% in the third quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock valued at $10,585,000 after purchasing an additional 350,294 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of SilverCrest Metals in the fourth quarter valued at approximately $2,711,000. 44.75% of the stock is currently owned by hedge funds and other institutional investors.

SilverCrest Metals Price Performance

SILV stock opened at $11.55 on Friday. The business has a 50 day simple moving average of $10.90 and a 200-day simple moving average of $10.15. The firm has a market capitalization of $1.72 billion, a PE ratio of 20.26 and a beta of 1.21. SilverCrest Metals Inc. has a 1 year low of $4.83 and a 1 year high of $11.98.

SilverCrest Metals Profile

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.