Skandinaviska Enskilda Banken AB publ Buys Shares of 304,262 SilverCrest Metals Inc. (NYSE:SILV)

Skandinaviska Enskilda Banken AB publ bought a new stake in SilverCrest Metals Inc. (NYSE:SILV) during the 4th quarter, Holdings Channel reports. The fund bought 304,262 shares of the company’s stock, valued at approximately $2,711,000.

Several other hedge funds have also recently added to or reduced their stakes in SILV. Versor Investments LP acquired a new position in SilverCrest Metals in the third quarter valued at about $102,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in 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 valued at $20,563,000 after buying an additional 180,200 shares during the period. The Manufacturers Life Insurance Company lifted its stake in SilverCrest Metals by 35.9% in the third 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 during the period. D.A. Davidson & CO. acquired a new position in SilverCrest Metals in the third quarter valued at about $92,000. Finally, BNP Paribas Financial Markets lifted its stake in SilverCrest Metals by 46.1% in the third 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 during the period. Institutional investors and hedge funds own 44.75% of the company’s stock.

SilverCrest Metals Stock Performance

NYSE:SILV 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 business’s 50-day moving average price is $10.90 and its two-hundred day moving average price is $10.16. The firm has a market capitalization of $1.72 billion, a price-to-earnings 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.