Mackenzie Financial Corp Buys 228,642 Shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILV)

Mackenzie Financial Corp increased its stake in shares of SilverCrest Metals Inc. (NYSEAMERICAN:SILV) by 28.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,032,594 shares of the company’s stock after acquiring an additional 228,642 shares during the quarter. Mackenzie Financial Corp owned approximately 0.70% of SilverCrest Metals worth $6,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in SILV. Sprott Inc. grew its position in shares of SilverCrest Metals by 8.4% in the 3rd quarter. Sprott Inc. now owns 9,347,721 shares of the company’s stock worth $44,618,000 after buying an additional 722,417 shares during the last quarter. U S Global Investors Inc. grew its position in shares of SilverCrest Metals by 418.2% in the 4th quarter. U S Global Investors Inc. now owns 285,000 shares of the company’s stock worth $1,870,000 after buying an additional 230,000 shares during the last quarter. Triasima Portfolio Management inc. bought a new stake in shares of SilverCrest Metals in the 4th quarter worth approximately $1,440,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of SilverCrest Metals by 2.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,739,485 shares of the company’s stock valued at $24,644,000 after purchasing an additional 85,060 shares during the period. Finally, Gotham Asset Management LLC purchased a new position in shares of SilverCrest Metals in the 3rd quarter valued at approximately $239,000. 44.75% of the stock is currently owned by institutional investors.

SilverCrest Metals Price Performance

SilverCrest Metals stock opened at $7.90 on Friday. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.13 and a beta of 1.32. SilverCrest Metals Inc. has a 12 month low of $4.16 and a 12 month high of $7.92.

SilverCrest Metals (NYSEAMERICAN:SILV) last issued its quarterly earnings data on Monday, March 11th. The company reported $0.24 EPS 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 company had revenue of $61.32 million during the quarter. Equities research analysts forecast that SilverCrest Metals Inc. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Desjardins cut SilverCrest Metals from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. Scotiabank raised their target price on SilverCrest Metals from $7.00 to $7.50 and gave the company a “sector outperform” rating in a research note on Monday, April 8th.

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.