Van ECK Associates Expands Stake in SilverCrest Metals Inc.

1 min read | November 03, 2024 09:58 AM PST | By Team Kalkine Media

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Van ECK Associates Expands Stake in SilverCrest Metals Inc. — Image source: Shutterstocks

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Van ECK Associates Expands Investment in SilverCrest Metals Inc.

Institutional Interest Grows in SilverCrest Metals

Significant Investment Moves by Van ECK Associates and Others in SilverCrest

Van ECK Associates Corp has recently expanded its stake in SilverCrest Metals Inc. (NYSE:SILV), growing its holdings by 8.3% in the third quarter, according to a report filed with the Securities and Exchange Commission. The investment firm now holds approximately 14 million shares in SilverCrest, reflecting close to 9.5% ownership in the company. This growth in holdings highlights continued interest in SilverCrest from institutional investors.

Additional institutional investors have also made adjustments to their positions in SilverCrest. For instance, Mather Group LLC recently acquired a new stake in the company. Toronto Dominion Bank increased its stake significantly in the second quarter, while Blue Trust Inc. raised its holdings substantially in the third quarter. Meanwhile, Perritt Capital Management Inc. and Eastern Bank also acquired new stakes in SilverCrest Metals, reflecting a consistent pattern of institutional investment.

In total, around 44.75% of SilverCrest's shares are now owned by hedge funds and other large-scale institutional investors. This level of ownership demonstrates a robust backing from external institutions, aligning with the company’s potential for continued progress.

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