SilverCrest Metals Inc. (NYSE:SILV) Shares Sold by Tacita Capital Inc

Tacita Capital Inc lowered its position in SilverCrest Metals Inc. (NYSE:SILV) by 7.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,158 shares of the company’s stock after selling 5,092 shares during the period. Tacita Capital Inc’s holdings in SilverCrest Metals were worth $550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in SILV. Toronto Dominion Bank increased its position in SilverCrest Metals by 40.7% during the second quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock worth $35,000 after buying an additional 1,225 shares in the last quarter. Commonwealth Equity Services LLC increased its position in SilverCrest Metals by 3.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 89,419 shares of the company’s stock worth $729,000 after purchasing an additional 2,744 shares in the last quarter. Blue Trust Inc. raised its stake in SilverCrest Metals by 194.1% in the 3rd quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock valued at $47,000 after purchasing an additional 3,379 shares during the last quarter. Mather Group LLC. acquired a new position in shares of SilverCrest Metals in the second quarter valued at approximately $28,000. Finally, NewEdge Advisors LLC grew its position in shares of SilverCrest Metals by 3.5% in the second quarter. NewEdge Advisors LLC now owns 145,375 shares of the company’s stock valued at $1,185,000 after purchasing an additional 4,957 shares during the period. Hedge funds and other institutional investors own 44.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SILV. Ventum Cap Mkts cut shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th. Scotiabank boosted their target price on shares of SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th.

SilverCrest Metals Stock Performance

NYSE SILV traded down $0.61 on Monday, hitting $9.70. The stock had a trading volume of 593,239 shares, compared to its average volume of 1,714,771. The firm’s 50-day simple moving average is $9.68. The stock has a market cap of $1.44 billion, a PE ratio of 14.52 and a beta of 1.21. SilverCrest Metals Inc. has a one year low of $4.83 and a one year high of $11.91.

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.