SilverCrest Metals (NASDAQ:SILV) Shares Up 12.7%
SilverCrest Metals Inc. (NASDAQ:SILV)’s stock price shot up 12.7% during mid-day trading on Wednesday . The stock traded as high as $4.52 and last traded at $4.43, 394,920 shares traded hands during mid-day trading. An increase of 416% from the average session volume of 76,518 shares. The stock had previously closed at $3.93.
Several brokerages recently weighed in on SILV. Zacks Investment Research cut Encore Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Canaccord Genuity set a $107.00 price target on Columbia Sportswear and gave the company a “hold” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. SilverCrest Metals has an average rating of “Buy” and an average target price of $3.82.
The stock’s 50-day moving average is $3.80.
Hedge funds have recently made changes to their positions in the stock. Arete Wealth Advisors LLC purchased a new position in SilverCrest Metals during the fourth quarter valued at approximately $30,000. Raymond James & Associates acquired a new stake in SilverCrest Metals in the fourth quarter valued at approximately $39,000. 9258 Wealth Management LLC acquired a new stake in SilverCrest Metals in the first quarter valued at approximately $66,000. CIBC World Markets Inc. grew its holdings in SilverCrest Metals by 178.8% in the first quarter. CIBC World Markets Inc. now owns 60,505 shares of the company’s stock valued at $198,000 after purchasing an additional 38,805 shares during the period. Finally, Spark Investment Management LLC acquired a new stake in SilverCrest Metals in the first quarter valued at approximately $374,000.
SilverCrest Metals Company Profile (NASDAQ:SILV)
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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