Mackenzie Financial Corp Has $6.78 Million Stock Position in SilverCrest Metals Inc. (NYSEAMERICAN:SILV)

Mackenzie Financial Corp increased its position in SilverCrest Metals Inc. (NYSEAMERICAN:SILV - Free Report) by 28.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,032,594 shares of the company's stock after buying an additional 228,642 shares during the period. Mackenzie Financial Corp owned 0.70% of SilverCrest Metals worth $6,775,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in SilverCrest Metals during the fourth quarter valued at approximately $33,000. Alps Advisors Inc. purchased a new stake in SilverCrest Metals during the third quarter valued at approximately $56,000. WINTON GROUP Ltd purchased a new stake in SilverCrest Metals during the third quarter valued at approximately $61,000. Mariner LLC raised its position in SilverCrest Metals by 32.5% during the third quarter. Mariner LLC now owns 18,683 shares of the company's stock valued at $82,000 after purchasing an additional 4,581 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in SilverCrest Metals during the third quarter valued at approximately $92,000. 44.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on SILV. Desjardins downgraded SilverCrest Metals from a "buy" rating to a "hold" rating in a research report on Tuesday, March 12th. Scotiabank increased their price target 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 NYSEAMERICAN SILV traded up $0.33 during midday trading on Friday, hitting $7.90. The company's stock had a trading volume of 2,073,489 shares, compared to its average volume of 1,873,719. SilverCrest Metals Inc. has a 12-month low of $4.16 and a 12-month high of $7.92. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 10.13 and a beta of 1.32.

SilverCrest Metals (NYSEAMERICAN:SILV - Get Free Report) last issued its quarterly earnings results on Monday, March 11th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. SilverCrest Metals had a return on equity of 33.11% and a net margin of 47.62%. The firm had revenue of $61.32 million for the quarter. Sell-side analysts predict that SilverCrest Metals Inc. will post 0.46 earnings per share for the current year.

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.