MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Stock Holdings in SilverCrest Metals Inc. (NYSE:SILV)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in shares of SilverCrest Metals Inc. (NYSE:SILV) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,437,219 shares of the company’s stock after selling 449,203 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in SilverCrest Metals were worth $31,332,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Barclays PLC boosted its holdings in SilverCrest Metals by 360.0% during the 3rd quarter. Barclays PLC now owns 39,714 shares of the company’s stock valued at $367,000 after acquiring an additional 31,081 shares during the period. Blue Trust Inc. boosted its stake 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 purchasing an additional 1,402 shares during the period. Kercheville Advisors LLC bought a new position in shares of SilverCrest Metals in the fourth quarter worth approximately $191,000. Triasima Portfolio Management inc. bought a new position in shares of SilverCrest Metals in the fourth quarter worth approximately $134,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of SilverCrest Metals by 1.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 296,300 shares of the company’s stock worth $2,699,000 after buying an additional 3,400 shares during the period. Hedge funds and other institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Price Performance

NYSE:SILV opened at $11.55 on Wednesday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21. The company has a fifty day moving average of $11.55 and a 200 day moving average of $10.78. 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.