Pentwater Capital Management LP Invests $9.07 Million in SilverCrest Metals Inc. (NYSE:SILV)

Pentwater Capital Management LP acquired a new position in shares of SilverCrest Metals Inc. (NYSE:SILV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 997,000 shares of the company’s stock, valued at approximately $9,073,000. Pentwater Capital Management LP owned about 0.67% of SilverCrest Metals as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SILV. Barclays PLC boosted its holdings in SilverCrest Metals by 360.0% in the 3rd quarter. Barclays PLC now owns 39,714 shares of the company’s stock valued at $367,000 after purchasing an additional 31,081 shares during the period. Geode Capital Management LLC grew its position in SilverCrest Metals by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 71,022 shares of the company’s stock worth $662,000 after acquiring an additional 5,227 shares during the last quarter. Virtu Financial LLC bought a new stake in SilverCrest Metals during the 3rd quarter worth $95,000. Synovus Financial Corp bought a new stake in shares of SilverCrest Metals in the 3rd quarter valued at about $128,000. Finally, JPMorgan Chase & Co. grew its position in shares of SilverCrest Metals by 44.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,144,326 shares of the company’s stock valued at $10,585,000 after buying an additional 350,294 shares during the last quarter. 44.75% of the stock is currently owned by institutional investors and hedge funds.

SilverCrest Metals Price Performance

Shares of SilverCrest Metals stock opened at $11.55 on Tuesday. The stock’s 50-day moving average is $11.55 and its 200 day moving average is $10.73. SilverCrest Metals Inc. has a one year low of $4.83 and a one year high of $11.98. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 20.26 and a beta of 1.21.

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.