Pentwater Capital Management LP Buys Shares of 997,000 SilverCrest Metals Inc. (NYSE:SILV)

Pentwater Capital Management LP acquired a new position in SilverCrest Metals Inc. (NYSE:SILV) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 997,000 shares of the company’s stock, valued at approximately $9,073,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in SilverCrest Metals by 0.6% in the fourth quarter. CIBC Asset Management Inc now owns 216,554 shares of the company’s stock worth $1,971,000 after purchasing an additional 1,296 shares in the last quarter. Blue Trust Inc. raised its stake in SilverCrest Metals by 27.4% in the 4th quarter. Blue Trust Inc. now owns 6,522 shares of the company’s stock worth $60,000 after acquiring an additional 1,402 shares during the last quarter. Perritt Capital Management Inc lifted its holdings in SilverCrest Metals by 21.8% in the fourth quarter. Perritt Capital Management Inc now owns 9,500 shares of the company’s stock valued at $86,000 after acquiring an additional 1,700 shares during the period. Geode Capital Management LLC lifted its holdings in SilverCrest Metals by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 73,236 shares of the company’s stock valued at $675,000 after acquiring an additional 2,214 shares during the period. Finally, Lane Generational LLC raised its stake in shares of SilverCrest Metals by 0.5% during the 4th quarter. Lane Generational LLC now owns 565,166 shares of the company’s stock worth $5,143,000 after buying an additional 2,888 shares during the period. Institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Price Performance

Shares of SILV stock opened at $11.55 on Tuesday. SilverCrest Metals Inc. has a 1-year low of $4.83 and a 1-year high of $11.98. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 20.26 and a beta of 1.21. The stock has a 50 day simple moving average of $11.55 and a 200-day simple moving average of $10.73.

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.