Royal Bank of Canada raised its stake in shares of SilverCrest Metals Inc. (NASDAQ:SILV) by 35.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,080,812 shares of the company’s stock after acquiring an additional 807,706 shares during the quarter. Royal Bank of Canada owned approximately 2.42% of SilverCrest Metals worth $16,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. boosted its stake in SilverCrest Metals by 7.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 25,118 shares of the company’s stock valued at $169,000 after acquiring an additional 1,767 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in SilverCrest Metals by 66.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock valued at $34,000 after acquiring an additional 2,000 shares during the last quarter. Swiss National Bank boosted its stake in SilverCrest Metals by 1.3% during the 1st quarter. Swiss National Bank now owns 172,700 shares of the company’s stock valued at $888,000 after acquiring an additional 2,200 shares during the last quarter. Creative Planning boosted its stake in SilverCrest Metals by 19.0% during the 1st quarter. Creative Planning now owns 14,086 shares of the company’s stock valued at $74,000 after acquiring an additional 2,251 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in SilverCrest Metals by 6.9% during the 1st quarter. Raymond James & Associates now owns 43,789 shares of the company’s stock valued at $229,000 after acquiring an additional 2,820 shares during the last quarter.

Shares of NASDAQ:SILV opened at $8.75 on Friday. SilverCrest Metals Inc. has a 1-year low of $3.28 and a 1-year high of $9.69. The company’s fifty day moving average is $8.36 and its two-hundred day moving average is $6.79.

SilverCrest Metals (NASDAQ:SILV) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.03).

SILV has been the topic of a number of research analyst reports. BMO Capital Markets increased their price objective on shares of SilverCrest Metals from $10.25 to $13.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Zacks Investment Research cut shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a report on Thursday, June 4th. Desjardins reissued a “buy” rating on shares of SilverCrest Metals in a report on Tuesday, March 10th. Royal Bank of Canada reissued a “buy” rating and set a $11.00 target price on shares of SilverCrest Metals in a report on Thursday, April 30th. Finally, BidaskClub cut shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a report on Friday, May 15th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. SilverCrest Metals presently has an average rating of “Buy” and an average price target of $11.20.

SilverCrest Metals Profile

SilverCrest Metals Inc engages in the acquisition, exploration, and development of precious metal properties. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 27 concessions totaling approximately 1,389 hectares located in Sonora, Mexico.

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Institutional Ownership by Quarter for SilverCrest Metals (NASDAQ:SILV)

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