Peak6 LLC Buys New Stake in SilverCrest Metals Inc. (NYSE:SILV)

Peak6 LLC purchased a new position in shares of SilverCrest Metals Inc. (NYSE:SILV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 277,921 shares of the company’s stock, valued at approximately $2,529,000. Peak6 LLC owned approximately 0.19% of SilverCrest Metals as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SILV. Magnetar Financial LLC purchased a new position in shares of SilverCrest Metals during the 4th quarter valued at approximately $32,978,000. Alpine Associates Management Inc. purchased a new position in SilverCrest Metals during the fourth quarter valued at $30,883,000. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in SilverCrest Metals during the fourth quarter valued at $21,745,000. Arrowstreet Capital Limited Partnership grew its position in shares of SilverCrest Metals by 1,070.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,421,604 shares of the company’s stock valued at $12,948,000 after purchasing an additional 1,300,191 shares during the period. Finally, Versor Investments LP increased its stake in shares of 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 purchasing an additional 646,143 shares in the last quarter. Institutional investors and hedge funds own 44.75% of the company’s stock.

SilverCrest Metals Stock Performance

Shares of SilverCrest Metals stock opened at $11.55 on Friday. SilverCrest Metals Inc. has a twelve month low of $4.83 and a twelve month high of $11.98. The firm has a market capitalization of $1.72 billion, a PE ratio of 20.26 and a beta of 1.21. The firm’s 50-day moving average price is $11.55 and its 200 day moving average price is $10.64.

SilverCrest Metals 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.