CIBC World Markets Inc. raised its position in SilverCrest Metals Inc. (NASDAQ:SILV) by 178.8% in the 1st quarter, HoldingsChannel reports. The fund owned 60,505 shares of the company’s stock after acquiring an additional 38,805 shares during the quarter. CIBC World Markets Inc.’s holdings in SilverCrest Metals were worth $198,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of SilverCrest Metals in the 4th quarter valued at approximately $3,420,000. Tocqueville Asset Management L.P. purchased a new position in SilverCrest Metals in the first quarter valued at approximately $736,000. Waratah Capital Advisors Ltd. purchased a new position in SilverCrest Metals in the first quarter valued at approximately $387,000. Raymond James & Associates purchased a new position in SilverCrest Metals in the fourth quarter valued at approximately $39,000. Finally, Arete Wealth Advisors LLC purchased a new position in SilverCrest Metals in the fourth quarter valued at approximately $30,000.
Shares of SILV opened at $3.69 on Thursday. SilverCrest Metals Inc. has a 1 year low of $1.91 and a 1 year high of $3.89.
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SilverCrest Metals Company Profile
SilverCrest Metals Inc engages in the acquisition, exploration, and development of precious metal properties. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 27 concessions totaling approximately 1,389 hectares located in Sonora, Mexico.
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