Oppenheimer & Close LLC Decreases Stake in SilverCrest Metals Inc. (NYSE:SILV)

Oppenheimer & Close LLC lowered its position in SilverCrest Metals Inc. (NYSE:SILV) by 3.3% in the 4th quarter, HoldingsChannel reports. The fund owned 147,405 shares of the company’s stock after selling 5,000 shares during the period. Oppenheimer & Close LLC’s holdings in SilverCrest Metals were worth $1,341,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. 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 valued at $3,749,000 after buying an additional 106,539 shares in the last quarter. D.A. Davidson & CO. purchased a new position in SilverCrest Metals during the 3rd quarter valued at about $92,000. BNP Paribas Financial Markets grew its holdings in SilverCrest Metals by 46.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 215,321 shares of the company’s stock valued at $1,992,000 after buying an additional 67,966 shares in the last quarter. Townsquare Capital LLC grew its holdings in SilverCrest Metals by 6.9% during the 3rd quarter. Townsquare Capital LLC now owns 23,012 shares of the company’s stock valued at $213,000 after buying an additional 1,477 shares in the last quarter. Finally, PDT Partners LLC grew its holdings in SilverCrest Metals by 60.8% during the 3rd quarter. PDT Partners LLC now owns 378,945 shares of the company’s stock valued at $3,505,000 after buying an additional 143,220 shares in the last quarter. Hedge funds and other institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Price Performance

SILV stock opened at $11.55 on Friday. The firm has a market capitalization of $1.72 billion, a PE ratio of 20.26 and a beta of 1.21. SilverCrest Metals Inc. has a twelve month low of $4.83 and a twelve month high of $11.98. The stock has a 50-day simple moving average of $11.05 and a two-hundred day simple moving average of $10.27.

About SilverCrest Metals

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.