Zurcher Kantonalbank Zurich Cantonalbank reduced its position in SilverCrest Metals Inc. (NYSEMKT:SILV – Get Rating) by 43.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 34,984 shares of the company’s stock after selling 26,367 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SilverCrest Metals were worth $312,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of SilverCrest Metals by 98.4% during the fourth quarter. Fifth Third Bancorp now owns 3,472 shares of the company’s stock worth $27,000 after purchasing an additional 1,722 shares during the period. Shay Capital LLC bought a new position in shares of SilverCrest Metals during the fourth quarter worth $79,000. Qube Research & Technologies Ltd acquired a new position in shares of SilverCrest Metals in the 4th quarter valued at $93,000. Clean Yield Group bought a new stake in shares of SilverCrest Metals in the 4th quarter valued at $102,000. Finally, Dubuque Bank & Trust Co. acquired a new stake in SilverCrest Metals during the 4th quarter worth $111,000. Institutional investors own 40.02% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have issued reports on SILV. Raymond James boosted their target price on SilverCrest Metals from C$14.15 to C$14.25 in a research note on Wednesday, June 22nd. Stifel Nicolaus boosted their price objective on shares of SilverCrest Metals from C$15.25 to C$16.00 in a research report on Wednesday, April 27th.
SilverCrest Metals Stock Up 2.4 %
NYSEMKT:SILV opened at $5.62 on Friday. The firm has a market cap of $820.07 million, a price-to-earnings ratio of -43.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 15.79 and a quick ratio of 15.79. The business’s fifty day moving average is $6.74 and its 200 day moving average is $7.86.
SilverCrest Metals Profile
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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