Knoll Capital Management LLC Has $555,000 Stock Holdings in SilverCrest Metals Inc. (NYSE:SILV)

Knoll Capital Management LLC reduced its holdings in shares of SilverCrest Metals Inc. (NYSE:SILV) by 87.2% in the third quarter, Holdings Channel reports. The institutional investor owned 60,000 shares of the company’s stock after selling 410,000 shares during the period. Knoll Capital Management LLC’s holdings in SilverCrest Metals were worth $555,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SILV. B. Riley Wealth Advisors Inc. grew its holdings in shares of SilverCrest Metals by 12.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 63,990 shares of the company’s stock valued at $426,000 after buying an additional 7,000 shares during the last quarter. Cambridge Trust Co. grew its holdings in shares of SilverCrest Metals by 225.5% during the first quarter. Cambridge Trust Co. now owns 28,257 shares of the company’s stock valued at $188,000 after buying an additional 19,577 shares during the last quarter. Mather Group LLC. bought a new position in shares of SilverCrest Metals during the second quarter valued at about $28,000. Fermata Advisors LLC bought a new position in shares of SilverCrest Metals during the second quarter valued at about $99,000. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of SilverCrest Metals during the second quarter valued at about $213,000. 44.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Ventum Cap Mkts lowered shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Scotiabank raised their price target 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.

SilverCrest Metals Price Performance

SILV opened at $10.17 on Friday. The firm has a market capitalization of $1.51 billion, a P/E ratio of 14.74 and a beta of 1.21. SilverCrest Metals Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $11.91. The company’s 50-day moving average is $10.12 and its 200 day moving average is $9.16.

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.