NewGen Asset Management Ltd Raises Holdings in SilverCrest Metals Inc. (NYSE:SILV)

NewGen Asset Management Ltd raised its stake in shares of SilverCrest Metals Inc. (NYSE:SILV) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 356,900 shares of the company’s stock after acquiring an additional 16,900 shares during the quarter. SilverCrest Metals makes up about 2.9% of NewGen Asset Management Ltd’s portfolio, making the stock its 13th biggest position. NewGen Asset Management Ltd owned approximately 0.24% of SilverCrest Metals worth $3,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of SilverCrest Metals by 27.4% during the fourth quarter. Blue Trust Inc. now owns 6,522 shares of the company’s stock valued at $60,000 after buying an additional 1,402 shares during the last quarter. Perritt Capital Management Inc lifted its holdings in shares of SilverCrest Metals by 21.8% during the 4th quarter. Perritt Capital Management Inc now owns 9,500 shares of the company’s stock valued at $86,000 after purchasing an additional 1,700 shares during the last quarter. Mint Tower Capital Management B.V. purchased a new stake in SilverCrest Metals in the fourth quarter valued at about $92,000. Virtu Financial LLC purchased a new stake in shares of SilverCrest Metals during the third quarter worth about $95,000. Finally, Forvis Mazars Wealth Advisors LLC purchased a new position in shares of SilverCrest Metals in the 4th quarter valued at approximately $100,000. 44.75% of the stock is owned by institutional investors.

SilverCrest Metals Price Performance

SILV stock opened at $11.55 on Friday. The firm has a 50 day moving average of $11.55 and a 200 day moving average of $10.72. The stock has a market capitalization of $1.72 billion, a PE ratio of 20.26 and a beta of 1.21. SilverCrest Metals Inc. has a 52 week low of $4.83 and a 52 week high of $11.98.

SilverCrest Metals 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.