Knoll Capital Management LLC Sells 410,000 Shares of SilverCrest Metals Inc. (NYSE:SILV)

Knoll Capital Management LLC decreased its stake in SilverCrest Metals Inc. (NYSE:SILV) by 87.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,000 shares of the company’s stock after selling 410,000 shares during the period. Knoll Capital Management LLC’s holdings in SilverCrest Metals were worth $555,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Toronto Dominion Bank raised its stake in shares of SilverCrest Metals by 40.7% during the second quarter. Toronto Dominion Bank now owns 4,234 shares of the company’s stock valued at $35,000 after acquiring an additional 1,225 shares during the last quarter. Townsquare Capital LLC raised its stake in shares of SilverCrest Metals by 6.9% during the third quarter. Townsquare Capital LLC now owns 23,012 shares of the company’s stock valued at $213,000 after acquiring an additional 1,477 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of SilverCrest Metals by 3.2% during the second quarter. Commonwealth Equity Services LLC now owns 89,419 shares of the company’s stock valued at $729,000 after acquiring an additional 2,744 shares during the last quarter. Blue Trust Inc. raised its stake in SilverCrest Metals by 194.1% during the third quarter. Blue Trust Inc. now owns 5,120 shares of the company’s stock worth $47,000 after buying an additional 3,379 shares during the last quarter. Finally, Mather Group LLC. bought a new position in SilverCrest Metals during the second quarter worth $28,000. Institutional investors own 44.75% of the company’s stock.

SilverCrest Metals Trading Up 1.7 %

NYSE:SILV opened at $10.17 on Friday. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 14.74 and a beta of 1.21. The firm has a fifty day simple moving average of $10.12 and a two-hundred day simple moving average of $9.16. SilverCrest Metals Inc. has a 12 month low of $4.83 and a 12 month high of $11.91.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SILV. Scotiabank lifted their target price on shares of SilverCrest Metals from $8.50 to $9.00 and gave the stock a “sector perform” rating in a research note on Monday, August 19th. Ventum Cap Mkts downgraded shares of SilverCrest Metals from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th.

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.