SilverCrest Metals (NYSEMKT:SILV) Given New C$10.00 Price Target at Raymond James

SilverCrest Metals (NYSEMKT:SILV – Free Report) had its price target decreased by Raymond James from C$11.75 to C$10.00 in a research report released on Tuesday, FlyOnTheWall reports.

Separately, Stifel Nicolaus cut shares of SilverCrest Metals from a buy rating to a hold rating in a research note on Tuesday.

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SilverCrest Metals Trading Down 22.2 %

NYSEMKT SILV opened at $4.47 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 2.72 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $6.02 and its 200 day moving average is $6.27. The firm has a market capitalization of $657.38 million, a P/E ratio of 12.76 and a beta of 1.04.

Hedge Funds Weigh In On SilverCrest Metals

Institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in SilverCrest Metals by 136.9% during the 4th quarter. Van ECK Associates Corp now owns 15,215,392 shares of the company’s stock worth $91,291,000 after buying an additional 8,792,269 shares during the period. Foundry Partners LLC acquired a new stake in shares of SilverCrest Metals during the first quarter worth $4,187,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of SilverCrest Metals by 37.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,893,500 shares of the company’s stock worth $11,328,000 after acquiring an additional 518,500 shares during the period. Renaissance Technologies LLC lifted its position in SilverCrest Metals by 862.5% in the 3rd quarter. Renaissance Technologies LLC now owns 351,315 shares of the company’s stock valued at $1,948,000 after acquiring an additional 314,815 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in SilverCrest Metals by 17.6% in the 4th quarter. TD Asset Management Inc now owns 1,866,436 shares of the company’s stock worth $11,158,000 after purchasing an additional 279,958 shares during the period. Institutional investors and hedge funds own 45.72% of the company’s stock.

SilverCrest Metals Company Profile

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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.

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