SilverCrest Metals Inc. (NYSE:SILV) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. cut its holdings in shares of SilverCrest Metals Inc. (NYSE:SILV) by 8.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,600 shares of the company’s stock after selling 13,750 shares during the period. Pekin Hardy Strauss Inc. owned 0.09% of SilverCrest Metals worth $1,149,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Tidal Investments LLC grew its position in SilverCrest Metals by 5,624.4% during the 1st quarter. Tidal Investments LLC now owns 4,352,930 shares of the company’s stock worth $28,991,000 after purchasing an additional 4,276,888 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of SilverCrest Metals by 16.4% during the second quarter. TD Asset Management Inc now owns 2,113,126 shares of the company’s stock worth $17,265,000 after buying an additional 297,365 shares during the last quarter. Dimensional Fund Advisors LP increased its position in SilverCrest Metals by 22.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,414,499 shares of the company’s stock valued at $11,529,000 after acquiring an additional 262,568 shares during the period. National Bank of Canada FI raised its stake in SilverCrest Metals by 12.1% during the 2nd quarter. National Bank of Canada FI now owns 452,013 shares of the company’s stock valued at $3,614,000 after acquiring an additional 48,717 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in SilverCrest Metals by 2,768.5% during the 2nd quarter. Renaissance Technologies LLC now owns 445,300 shares of the company’s stock worth $3,629,000 after acquiring an additional 429,776 shares during the period. 44.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Scotiabank lifted their price objective 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 Trading Up 2.0 %

SILV opened at $9.72 on Tuesday. SilverCrest Metals Inc. has a 1-year low of $4.26 and a 1-year high of $10.27. The firm has a market cap of $1.44 billion, a PE ratio of 11.71 and a beta of 1.22. The stock has a 50 day moving average price of $8.75.

SilverCrest Metals (NYSE:SILV) last posted its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). SilverCrest Metals had a net margin of 40.61% and a return on equity of 25.66%. The firm had revenue of $72.74 million during the quarter. As a group, equities analysts expect that SilverCrest Metals Inc. will post 0.65 earnings per share for the current fiscal year.

SilverCrest Metals Profile

SilverCrest Metals Inc focuses on the acquisition, exploration, advancement and development of base mineral and precious metals properties primarily in Mexico. The company’s properties consist of Las Chispas property. SilverCrest Metals Inc is headquartered in Vancouver, BC.