SilverCrest Metals Inc. (NYSE:SILV) Shares Acquired by Versor Investments LP

Versor Investments LP boosted its stake in SilverCrest Metals Inc. (NYSE:SILV) by 5,874.0% during the 4th quarter, HoldingsChannel reports. The fund owned 657,143 shares of the company’s stock after buying an additional 646,143 shares during the period. SilverCrest Metals comprises 1.0% of Versor Investments LP’s portfolio, making the stock its 10th largest position. Versor Investments LP’s holdings in SilverCrest Metals were worth $5,980,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. New York Life Investment Management LLC acquired a new stake in SilverCrest Metals during the fourth quarter valued at approximately $2,646,000. Forvis Mazars Wealth Advisors LLC acquired a new stake in shares of SilverCrest Metals during the 4th quarter valued at approximately $100,000. Capital Advisory Group Advisory Services LLC bought a new position in SilverCrest Metals during the fourth quarter worth $271,000. Wolverine Asset Management LLC acquired a new position in SilverCrest Metals in the fourth quarter worth $1,058,000. Finally, CIBC Asset Management Inc increased its stake in SilverCrest Metals by 0.6% during the fourth quarter. CIBC Asset Management Inc now owns 216,554 shares of the company’s stock valued at $1,971,000 after purchasing an additional 1,296 shares during the last quarter. 44.75% of the stock is currently owned by institutional investors.

SilverCrest Metals Stock Performance

Shares of NYSE:SILV opened at $11.55 on Thursday. The company’s fifty day moving average is $10.34 and its two-hundred day moving average is $9.90. SilverCrest Metals Inc. has a 1-year low of $4.83 and a 1-year high of $11.98. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 20.26 and a beta of 1.21.

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.