Principal Securities Inc. Makes New $33,000 Investment in SilverCrest Metals Inc. (NYSEAMERICAN:SILV)

Principal Securities Inc. acquired a new position in shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILV – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $33,000.

Other large investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in SilverCrest Metals during the fourth quarter worth about $33,000. Russell Investments Group Ltd. bought a new stake in shares of SilverCrest Metals during the fourth quarter valued at approximately $86,000. WINTON GROUP Ltd bought a new stake in shares of SilverCrest Metals during the third quarter valued at approximately $61,000. Cutler Group LLC CA grew its stake in shares of SilverCrest Metals by 63.8% during the fourth quarter. Cutler Group LLC CA now owns 22,545 shares of the company’s stock valued at $147,000 after purchasing an additional 8,785 shares during the last quarter. Finally, Rathbones Group PLC bought a new stake in shares of SilverCrest Metals during the third quarter valued at approximately $140,000. 44.75% of the stock is owned by institutional investors.

SilverCrest Metals Stock Up 2.0 %

SilverCrest Metals stock opened at $8.74 on Tuesday. The firm has a market capitalization of $1.29 billion, a P/E ratio of 11.21 and a beta of 1.22. SilverCrest Metals Inc. has a 1-year low of $4.16 and a 1-year high of $9.52.

SilverCrest Metals (NYSEAMERICAN:SILV – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.11. The company had revenue of $63.65 million for the quarter. SilverCrest Metals had a net margin of 47.62% and a return on equity of 33.11%. On average, research analysts anticipate that SilverCrest Metals Inc. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SILV shares. Desjardins lowered shares of SilverCrest Metals from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Scotiabank increased their target price on shares of SilverCrest Metals from $7.00 to $7.50 and gave the stock a “sector outperform” rating in a report on Monday, April 8th.

Get Our Latest Stock Analysis on SilverCrest Metals

SilverCrest Metals Company Profile

(Free Report)

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.