Connor Clark & Lunn Investment Management Ltd. Boosts Stock Position in SilverCrest Metals Inc. (NYSE:SILV)

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of SilverCrest Metals Inc. (NYSE:SILV) by 8.9% in the third quarter, HoldingsChannel.com reports. The fund owned 2,216,200 shares of the company’s stock after purchasing an additional 180,200 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in SilverCrest Metals were worth $20,563,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SILV. Aigen Investment Management LP raised its stake in shares of SilverCrest Metals by 41.5% in the third quarter. Aigen Investment Management LP now owns 66,754 shares of the company’s stock valued at $619,000 after acquiring an additional 19,592 shares in the last quarter. Versor Investments LP acquired a new stake in SilverCrest Metals in the 3rd quarter valued at about $102,000. Austin Private Wealth LLC purchased a new position in shares of SilverCrest Metals in the 3rd quarter valued at about $94,000. Van ECK Associates Corp grew its position in shares of SilverCrest Metals by 8.3% during the third quarter. Van ECK Associates Corp now owns 14,114,981 shares of the company’s stock worth $130,564,000 after buying an additional 1,083,681 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of SilverCrest Metals during the third quarter worth approximately $232,000. 44.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Scotiabank increased their price objective on shares of SilverCrest Metals from $8.50 to $9.00 and gave the company a “sector perform” rating in a research report on Monday, August 19th. Ventum Cap Mkts cut SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th.

SilverCrest Metals Stock Down 2.3 %

Shares of NYSE:SILV opened at $10.17 on Thursday. The business’s 50 day moving average is $9.98. The stock has a market cap of $1.51 billion, a P/E ratio of 15.09 and a beta of 1.21. SilverCrest Metals Inc. has a twelve month low of $4.83 and a twelve month high of $11.91.

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.