Versor Investments LP Acquires 646,143 Shares of SilverCrest Metals Inc. (NYSE:SILV)

Versor Investments LP boosted its stake in SilverCrest Metals Inc. (NYSE:SILV) by 5,874.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 657,143 shares of the company’s stock after purchasing an additional 646,143 shares during the period. SilverCrest Metals makes up about 1.0% of Versor Investments LP’s investment portfolio, making the stock its 10th biggest holding. Versor Investments LP owned approximately 0.44% of SilverCrest Metals worth $5,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in SilverCrest Metals by 194.1% in the third quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock valued at $47,000 after acquiring an additional 3,379 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of SilverCrest Metals by 8.3% in the third quarter. Van ECK Associates Corp now owns 14,114,981 shares of the company’s stock valued at $130,564,000 after purchasing an additional 1,083,681 shares during the period. Austin Private Wealth LLC acquired a new stake in SilverCrest Metals during the 3rd quarter valued at $94,000. Aigen Investment Management LP increased its stake in SilverCrest Metals by 41.5% during the 3rd quarter. Aigen Investment Management LP now owns 66,754 shares of the company’s stock worth $619,000 after buying an additional 19,592 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in SilverCrest Metals by 8.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,216,200 shares of the company’s stock worth $20,563,000 after buying an additional 180,200 shares in the last quarter. 44.75% of the stock is owned by hedge funds and other institutional investors.

SilverCrest Metals Price Performance

NYSE:SILV opened at $11.55 on Thursday. The firm has a 50-day moving average of $10.34 and a two-hundred day moving average of $9.90. The stock has a market cap of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21. SilverCrest Metals Inc. has a 1-year low of $4.83 and a 1-year high of $11.98.

About SilverCrest Metals

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.