New York Life Investment Management LLC Purchases New Stake in SilverCrest Metals Inc. (NYSE:SILV)

New York Life Investment Management LLC acquired a new position in shares of SilverCrest Metals Inc. (NYSE:SILV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 290,764 shares of the company’s stock, valued at approximately $2,646,000. New York Life Investment Management LLC owned 0.19% of SilverCrest Metals as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its holdings 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 in the last quarter. Blue Trust Inc. raised its position in SilverCrest Metals by 27.4% in 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. Townsquare Capital LLC lifted 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 worth $213,000 after purchasing an additional 1,477 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position 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. Finally, Geode Capital Management LLC boosted its position in shares of SilverCrest Metals by 7.9% in the third quarter. Geode Capital Management LLC now owns 71,022 shares of the company’s stock worth $662,000 after buying an additional 5,227 shares during the period. Institutional investors and hedge funds own 44.75% of the company’s stock.

SilverCrest Metals Stock Performance

Shares of NYSE:SILV opened at $11.55 on Monday. The business’s 50-day simple moving average is $10.44 and its 200 day simple moving average is $9.96. The company has a market cap of $1.72 billion, a P/E ratio of 20.26 and a beta of 1.21. SilverCrest Metals Inc. has a one year low of $4.83 and a one year high of $11.98.

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.