SilverCrest Metals (NYSEMKT:SILV – Get Rating) had its price objective cut by investment analysts at BMO Capital Markets from C$13.00 to C$12.25 in a research report issued to clients and investors on Thursday, The Fly reports.
Several other analysts also recently weighed in on SILV. Raymond James lifted their price objective on SilverCrest Metals from C$14.15 to C$14.25 in a report on Wednesday, June 22nd. Stifel Nicolaus decreased their target price on SilverCrest Metals from C$16.00 to C$15.00 in a report on Wednesday, July 20th.
Get SilverCrest Metals alerts:SilverCrest Metals Stock Down 3.4 %
NYSEMKT SILV traded down $0.20 during trading hours on Thursday, reaching $5.65. The company's stock had a trading volume of 1,027,901 shares, compared to its average volume of 829,344. The business's 50-day moving average is $6.05 and its 200-day moving average is $7.32. The stock has a market cap of $826.71 million, a P/E ratio of -565.00 and a beta of 1.11. The company has a quick ratio of 12.81, a current ratio of 14.61 and a debt-to-equity ratio of 0.33.
Institutional Trading of SilverCrest Metals
Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of SilverCrest Metals in the 2nd quarter valued at $33,000. Shay Capital LLC purchased a new stake in SilverCrest Metals in the 4th quarter valued at approximately $79,000. Qube Research & Technologies Ltd purchased a new position in shares of SilverCrest Metals in the 4th quarter valued at about $93,000. Creative Planning acquired a new stake in shares of SilverCrest Metals in the 2nd quarter worth approximately $77,000. Finally, Profund Advisors LLC grew its stake in SilverCrest Metals by 22.4% in the 1st quarter. Profund Advisors LLC now owns 13,226 shares of the company's stock valued at $118,000 after acquiring an additional 2,422 shares during the last quarter. 42.77% of the stock is currently owned by institutional investors and hedge funds.About SilverCrest Metals
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SilverCrest Metals Inc explores for and develops precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its principal property includes the Las Chispas project that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico.
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