290,764 Shares in SilverCrest Metals Inc. (NYSE:SILV) Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new stake in shares of SilverCrest Metals Inc. (NYSE:SILV) in the fourth quarter, HoldingsChannel reports. The fund acquired 290,764 shares of the company’s stock, valued at approximately $2,646,000.

A number of other hedge funds have also recently bought and sold shares of the business. Van ECK Associates Corp raised its position in shares of SilverCrest Metals by 8.3% in 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. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of SilverCrest Metals by 8.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,216,200 shares of the company’s stock worth $20,563,000 after buying an additional 180,200 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in SilverCrest Metals by 44.1% in the third quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock valued at $10,585,000 after acquiring an additional 350,294 shares in the last quarter. ABC Arbitrage SA bought a new position in SilverCrest Metals during the 4th quarter valued at $4,422,000. Finally, The Manufacturers Life Insurance Company grew its holdings in SilverCrest Metals by 35.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 403,574 shares of the company’s stock worth $3,749,000 after acquiring an additional 106,539 shares in the last quarter. Institutional investors and hedge funds own 44.75% of the company’s stock.

SilverCrest Metals Stock Performance

Shares of SilverCrest Metals stock opened at $11.55 on Monday. SilverCrest Metals Inc. has a 1 year low of $4.83 and a 1 year high of $11.98. The firm’s 50-day simple moving average is $10.44 and its 200-day simple moving average is $9.96. The firm has a market cap of $1.72 billion, a PE ratio of 20.26 and a beta of 1.21.

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.