Balyasny Asset Management L.P. Purchases Shares of 1,219,842 SilverCrest Metals Inc. (NYSE:SILV)

Balyasny Asset Management L.P. acquired a new position in SilverCrest Metals Inc. (NYSE:SILV) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,219,842 shares of the company’s stock, valued at approximately $11,101,000.

Several other institutional investors have also modified their holdings of SILV. Geode Capital Management LLC raised its position in SilverCrest Metals by 7.9% in the third quarter. Geode Capital Management LLC now owns 71,022 shares of the company’s stock worth $662,000 after acquiring an additional 5,227 shares in the last quarter. Barclays PLC grew its stake in shares of SilverCrest Metals by 360.0% in the 3rd quarter. Barclays PLC now owns 39,714 shares of the company’s stock worth $367,000 after purchasing an additional 31,081 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of SilverCrest Metals in the 3rd quarter worth approximately $95,000. JPMorgan Chase & Co. lifted its stake in SilverCrest Metals by 44.1% during the third quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock valued at $10,585,000 after purchasing an additional 350,294 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in SilverCrest Metals by 27.4% during the fourth quarter. Blue Trust Inc. now owns 6,522 shares of the company’s stock worth $60,000 after buying an additional 1,402 shares in the last quarter. Institutional investors and hedge funds own 44.75% of the company’s stock.

SilverCrest Metals Stock Performance

NYSE SILV opened at $11.55 on Friday. SilverCrest Metals Inc. has a 1 year low of $4.83 and a 1 year high of $11.98. The business’s fifty day moving average is $11.55 and its two-hundred day moving average is $10.78. The stock has a market capitalization of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21.

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.