Magnetar Financial LLC Takes $32.98 Million Position in SilverCrest Metals Inc. (NYSE:SILV)

Magnetar Financial LLC acquired a new stake in SilverCrest Metals Inc. (NYSE:SILV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,623,996 shares of the company’s stock, valued at approximately $32,978,000. Magnetar Financial LLC owned approximately 2.43% of SilverCrest Metals at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SILV. Alpine Associates Management Inc. bought a new position in shares of SilverCrest Metals in the fourth quarter valued at approximately $30,883,000. Versor Investments LP boosted its holdings in SilverCrest Metals by 5,874.0% during the fourth quarter. Versor Investments LP now owns 657,143 shares of the company’s stock worth $5,980,000 after buying an additional 646,143 shares in the last quarter. ABC Arbitrage SA bought a new stake in SilverCrest Metals during the fourth quarter worth approximately $4,422,000. Picton Mahoney Asset Management bought a new stake in SilverCrest Metals during the fourth quarter worth approximately $4,313,000. Finally, JPMorgan Chase & Co. boosted its holdings in SilverCrest Metals by 44.1% during the third quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock worth $10,585,000 after buying an additional 350,294 shares in the last quarter. 44.75% of the stock is currently owned by institutional investors.

SilverCrest Metals Stock Performance

Shares of NYSE:SILV opened at $11.55 on Thursday. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 20.26 and a beta of 1.21. SilverCrest Metals Inc. has a 1-year low of $4.83 and a 1-year high of $11.98. The company has a 50 day moving average price of $10.99 and a 200 day moving average price of $10.22.

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.