Tower Research Capital LLC TRC Sells 13,370 Shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILV)

Tower Research Capital LLC TRC lowered its stake in shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILV) by 62.4% during the fourth quarter, HoldingsChannel reports. The firm owned 8,045 shares of the company’s stock after selling 13,370 shares during the quarter. Tower Research Capital LLC TRC’s holdings in SilverCrest Metals were worth $53,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SILV. CIBC Asset Management Inc raised its stake in SilverCrest Metals by 1.7% in the 4th quarter. CIBC Asset Management Inc now owns 189,825 shares of the company’s stock valued at $1,249,000 after acquiring an additional 3,186 shares during the period. Hillsdale Investment Management Inc. bought a new stake in SilverCrest Metals in the 4th quarter valued at $6,799,000. Versor Investments LP raised its stake in SilverCrest Metals by 20.5% in the 4th quarter. Versor Investments LP now owns 31,700 shares of the company’s stock valued at $208,000 after acquiring an additional 5,400 shares during the period. Principal Securities Inc. bought a new stake in SilverCrest Metals in the 4th quarter valued at $33,000. Finally, Pekin Hardy Strauss Inc. raised its stake in SilverCrest Metals by 356.5% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 135,350 shares of the company’s stock valued at $892,000 after acquiring an additional 105,700 shares during the period. Institutional investors own 44.75% of the company’s stock.

Analysts Set New Price Targets

SILV has been the topic of a number of research analyst reports. Desjardins cut SilverCrest Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Scotiabank increased their target price on SilverCrest Metals from $7.00 to $7.50 and gave the stock a “sector outperform” rating in a report on Monday, April 8th.

SilverCrest Metals Stock Performance

Shares of SILV traded down $0.38 during trading hours on Tuesday, hitting $8.18. 1,928,040 shares of the company were exchanged, compared to its average volume of 1,497,781. The firm has a market cap of $1.20 billion, a P/E ratio of 10.48 and a beta of 1.31. SilverCrest Metals Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $8.65.

SilverCrest Metals (NYSEAMERICAN:SILV) last released its quarterly earnings data on Monday, March 11th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.09. The business had revenue of $61.32 million for the quarter. SilverCrest Metals had a return on equity of 33.11% and a net margin of 47.62%. On average, research analysts predict that SilverCrest Metals Inc. will post 0.54 earnings per share for the current fiscal year.

About SilverCrest Metals

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.