Jump Financial LLC Purchases Shares of 54,705 SilverCrest Metals Inc. (NYSEMKT:SILV)

Posted by on Aug 8th, 2023

Jump Financial LLC purchased a new stake in shares of SilverCrest Metals Inc. (NYSEMKT:SILV – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 54,705 shares of the company’s stock, valued at approximately $391,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James & Associates grew its position in SilverCrest Metals by 7.6% in the first quarter. Raymond James & Associates now owns 148,415 shares of the company’s stock worth $1,322,000 after acquiring an additional 10,469 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of SilverCrest Metals by 27.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 26,312 shares of the company’s stock valued at $234,000 after purchasing an additional 5,703 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of SilverCrest Metals by 62.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 86,599 shares of the company’s stock valued at $772,000 after buying an additional 33,215 shares in the last quarter. HighTower Advisors LLC lifted its position in SilverCrest Metals by 6.6% in the 1st quarter. HighTower Advisors LLC now owns 48,127 shares of the company’s stock worth $427,000 after buying an additional 3,000 shares during the last quarter. Finally, Cibc World Market Inc. boosted its stake in SilverCrest Metals by 12.7% in the first quarter. Cibc World Market Inc. now owns 176,304 shares of the company’s stock worth $1,571,000 after buying an additional 19,872 shares in the last quarter. Hedge funds and other institutional investors own 45.72% of the company’s stock.

SilverCrest Metals Price Performance

NYSEMKT SILV opened at $4.55 on Tuesday. The company has a market cap of $669.16 million, a PE ratio of 10.22 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.72 and a quick ratio of 1.69. The company’s fifty day moving average price is $5.87 and its two-hundred day moving average price is $6.21.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SILV shares. Stifel Nicolaus cut shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Desjardins reduced their price objective on SilverCrest Metals from C$13.50 to C$10.50 in a research note on Wednesday, August 2nd. Raymond James lowered their price objective on SilverCrest Metals from C$11.75 to C$10.00 in a research report on Tuesday, August 1st. Finally, Royal Bank of Canada cut SilverCrest Metals from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 2nd.

Check Out Our Latest Research Report on SILV

SilverCrest Metals Profile

(Free Report)

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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Institutional Ownership by Quarter for SilverCrest Metals (NYSEMKT:SILV)

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