Everett Harris & Co. CA Makes New $268,000 Investment in SilverCrest Metals Inc. (NYSEAMERICAN:SILV)

Everett Harris & Co. CA purchased a new position in SilverCrest Metals Inc. (NYSEAMERICAN:SILV) during the fourth quarter, Holdings Channel reports. The fund purchased 40,958 shares of the company’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Anchor Investment Management LLC purchased a new position in shares of SilverCrest Metals in the 4th quarter worth about $33,000. Sprott Inc. boosted its holdings in shares of SilverCrest Metals by 8.4% in the 3rd quarter. Sprott Inc. now owns 9,347,721 shares of the company’s stock worth $44,618,000 after buying an additional 722,417 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of SilverCrest Metals in the 3rd quarter worth about $56,000. Gotham Asset Management LLC bought a new stake in SilverCrest Metals in the 3rd quarter valued at about $239,000. Finally, Tower Research Capital LLC TRC raised its stake in SilverCrest Metals by 197.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 21,415 shares of the company’s stock valued at $95,000 after acquiring an additional 14,207 shares during the period. 44.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Desjardins cut SilverCrest Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th.

SilverCrest Metals Stock Performance

SilverCrest Metals stock traded up $0.11 during midday trading on Thursday, reaching $6.69. The stock had a trading volume of 1,667,711 shares, compared to its average volume of 1,278,315. SilverCrest Metals Inc. has a 12 month low of $4.16 and a 12 month high of $7.56. The stock has a market capitalization of $983.03 million, a P/E ratio of 8.58 and a beta of 1.28.

SilverCrest Metals (NYSEAMERICAN:SILV) last announced its quarterly earnings data on Monday, March 11th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. SilverCrest Metals had a return on equity of 33.11% and a net margin of 47.62%. The business had revenue of $61.32 million for the quarter. Equities research analysts forecast that SilverCrest Metals Inc. will post 0.46 EPS for the current fiscal year.

SilverCrest Metals Company Profile

SilverCrest Metals Inc engages in the exploration and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its principal property includes the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico.