Tower Research Capital LLC TRC Lowers Stake in SilverCrest Metals Inc. (NYSEAMERICAN:SILV)

Tower Research Capital LLC TRC reduced its holdings in shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILV) by 62.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,045 shares of the company’s stock after selling 13,370 shares during the period. Tower Research Capital LLC TRC’s holdings in SilverCrest Metals were worth $53,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CIBC Asset Management Inc lifted its stake in shares of SilverCrest Metals by 1.7% in the 4th quarter. CIBC Asset Management Inc now owns 189,825 shares of the company’s stock worth $1,249,000 after acquiring an additional 3,186 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of SilverCrest Metals in the 4th quarter worth $33,000. Principal Securities Inc. acquired a new stake in shares of SilverCrest Metals in the 4th quarter worth $33,000. Versor Investments LP lifted its stake in shares of SilverCrest Metals by 20.5% in the fourth quarter. Versor Investments LP now owns 31,700 shares of the company’s stock valued at $208,000 after purchasing an additional 5,400 shares during the period. Finally, Cutler Group LLC CA lifted its stake in shares of SilverCrest Metals by 63.8% in the fourth quarter. Cutler Group LLC CA now owns 22,545 shares of the company’s stock valued at $147,000 after purchasing an additional 8,785 shares during the period. 44.75% of the stock is owned by hedge funds and other institutional investors.

SilverCrest Metals Stock Down 4.5 %

SILV stock traded down $0.38 during midday trading on Tuesday, reaching $8.18. 1,928,040 shares of the company’s stock traded hands, compared to its average volume of 1,497,781. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 10.48 and a beta of 1.31. SilverCrest Metals Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $8.65.

SilverCrest Metals (NYSEAMERICAN:SILV) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. The firm had revenue of $61.32 million for the quarter. SilverCrest Metals had a net margin of 47.62% and a return on equity of 33.11%. On average, equities analysts forecast that SilverCrest Metals Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SILV. Desjardins cut shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Scotiabank lifted their price target on shares of SilverCrest Metals from $7.00 to $7.50 and gave the stock a “sector outperform” rating in a report on Monday, April 8th.

SilverCrest Metals Company Profile

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.