Aigen Investment Management LP Has $619,000 Holdings in SilverCrest Metals Inc. (NYSE:SILV)

Aigen Investment Management LP lifted its stake in SilverCrest Metals Inc. (NYSE:SILV) by 41.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,754 shares of the company’s stock after buying an additional 19,592 shares during the period. Aigen Investment Management LP’s holdings in SilverCrest Metals were worth $619,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp increased its holdings in SilverCrest Metals by 8.3% during the 3rd quarter. Van ECK Associates Corp now owns 14,114,981 shares of the company’s stock valued at $130,564,000 after purchasing an additional 1,083,681 shares in the last quarter. Tidal Investments LLC increased its holdings in SilverCrest Metals by 5,624.4% during the 1st quarter. Tidal Investments LLC now owns 4,352,930 shares of the company’s stock valued at $28,991,000 after purchasing an additional 4,276,888 shares in the last quarter. Mackenzie Financial Corp increased its holdings in SilverCrest Metals by 137.4% during the 2nd quarter. Mackenzie Financial Corp now owns 2,510,176 shares of the company’s stock valued at $20,516,000 after purchasing an additional 1,452,622 shares in the last quarter. TD Asset Management Inc increased its holdings in SilverCrest Metals by 16.4% during the 2nd quarter. TD Asset Management Inc now owns 2,113,126 shares of the company’s stock valued at $17,265,000 after purchasing an additional 297,365 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in SilverCrest Metals by 22.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,414,499 shares of the company’s stock valued at $11,529,000 after purchasing an additional 262,568 shares in the last quarter. 44.75% of the stock is owned by institutional investors and hedge funds.

SilverCrest Metals Price Performance

NYSE:SILV opened at $9.55 on Thursday. SilverCrest Metals Inc. has a 12-month low of $4.83 and a 12-month high of $11.91. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 14.45 and a beta of 1.21. The business has a fifty day moving average of $9.76.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Ventum Cap Mkts cut SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th. Scotiabank lifted their target price on SilverCrest Metals from $8.50 to $9.00 and gave the company a “sector perform” rating in a research note on Monday, August 19th.

SilverCrest Metals Company 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.