Franklin Resources Inc. Sells 94,300 Shares of SilverCrest Metals Inc. (NYSE:SILV)

Franklin Resources Inc. trimmed its position in shares of SilverCrest Metals Inc. (NYSE:SILV) by 74.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,770 shares of the company’s stock after selling 94,300 shares during the quarter. Franklin Resources Inc.’s holdings in SilverCrest Metals were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SILV. CIBC Asset Management Inc grew its stake in shares of SilverCrest Metals by 0.6% during the 4th quarter. CIBC Asset Management Inc now owns 216,554 shares of the company’s stock valued at $1,971,000 after acquiring an additional 1,296 shares during the period. Blue Trust Inc. boosted its position in shares of SilverCrest Metals by 27.4% in the fourth quarter. Blue Trust Inc. now owns 6,522 shares of the company’s stock worth $60,000 after purchasing an additional 1,402 shares during the period. Lane Generational LLC increased its stake in shares of SilverCrest Metals by 0.5% in the fourth quarter. Lane Generational LLC now owns 565,166 shares of the company’s stock worth $5,143,000 after purchasing an additional 2,888 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of SilverCrest Metals by 1.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 296,300 shares of the company’s stock valued at $2,699,000 after purchasing an additional 3,400 shares during the period. Finally, Swiss National Bank lifted its stake in shares of SilverCrest Metals by 1.4% during the 4th quarter. Swiss National Bank now owns 293,600 shares of the company’s stock valued at $2,676,000 after buying an additional 4,000 shares in the last quarter. 44.75% of the stock is currently owned by hedge funds and other institutional investors.

SilverCrest Metals Stock Performance

NYSE:SILV opened at $11.55 on Friday. SilverCrest Metals Inc. has a 12-month low of $4.83 and a 12-month high of $11.98. The stock has a 50-day moving average price of $11.55 and a 200 day moving average price of $10.64. The stock has a market capitalization of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21.

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.