SilverCrest Metals Inc. (NYSE:SILV) Holdings Trimmed by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its holdings in SilverCrest Metals Inc. (NYSE:SILV) by 6.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,950,000 shares of the company’s stock after selling 137,300 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in SilverCrest Metals were worth $17,745,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Caption Management LLC increased its holdings in shares of SilverCrest Metals by 152.3% in the 4th quarter. Caption Management LLC now owns 22,600 shares of the company’s stock valued at $206,000 after purchasing an additional 65,800 shares during the period. Balyasny Asset Management L.P. acquired a new position in SilverCrest Metals in the 4th quarter valued at approximately $11,101,000. Anson Funds Management LP purchased a new stake in SilverCrest Metals in the 4th quarter worth approximately $4,328,000. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of SilverCrest Metals during the 4th quarter valued at $10,798,000. Finally, AQR Arbitrage LLC purchased a new position in shares of SilverCrest Metals during the 4th quarter valued at $21,852,000. Hedge funds and other institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Stock Performance

Shares of NYSE:SILV opened at $11.55 on Friday. The firm has a market cap of $1.72 billion, a price-to-earnings 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. The business has a fifty day simple moving average of $11.55 and a 200 day simple moving average of $10.78.

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.