JPMorgan Chase & Co. Decreases Stock Holdings in SilverCrest Metals Inc. (NYSE:SILV)

JPMorgan Chase & Co. cut its stake in SilverCrest Metals Inc. (NYSE:SILV) by 95.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 54,233 shares of the company’s stock after selling 1,090,093 shares during the quarter. JPMorgan Chase & Co.’s holdings in SilverCrest Metals were worth $484,000 at the end of the most recent reporting period.

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

SilverCrest Metals Price Performance

NYSE:SILV opened at $11.55 on Thursday. The company’s 50-day moving average is $11.55 and its two-hundred day moving average is $10.74. SilverCrest Metals Inc. has a 1-year low of $4.83 and a 1-year high of $11.98. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 20.26 and a beta of 1.21.

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.