SilverCrest Metals (NYSE:SILV) Stock Price Up 7.4% – Here’s What Happened

Posted by Mark Dietrich on Jan 2nd, 2025

SilverCrest Metals Inc. (NYSE:SILV – Get Free Report) shares were up 7.4% on Thursday . The company traded as high as $9.89 and last traded at $9.77. Approximately 826,487 shares were traded during trading, a decline of 53% from the average daily volume of 1,741,615 shares. The stock had previously closed at $9.10.

Analyst Ratings Changes

Separately, Ventum Cap Mkts downgraded shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th.

Check Out Our Latest Stock Analysis on SilverCrest Metals

SilverCrest Metals Trading Up 7.4 %

The stock has a market cap of $1.46 billion, a P/E ratio of 17.14 and a beta of 1.19. The stock has a 50 day simple moving average of $10.05 and a 200 day simple moving average of $9.39.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank boosted its stake in shares of SilverCrest Metals by 40.7% in the 2nd quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock valued at $35,000 after purchasing an additional 1,225 shares in the last quarter. Blue Trust Inc. grew its stake in shares of SilverCrest Metals by 194.1% during the third quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock worth $47,000 after buying an additional 3,379 shares during the last quarter. Eastern Bank acquired a new position in shares of SilverCrest Metals during the third quarter worth $88,000. D.A. Davidson & CO. bought a new position in shares of SilverCrest Metals in the 3rd quarter valued at $92,000. Finally, Austin Private Wealth LLC acquired a new stake in shares of SilverCrest Metals during the 3rd quarter valued at $94,000. 44.75% of the stock is owned by institutional investors.

About SilverCrest Metals

(Get Free Report)

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.