Silvercorp Metals (NYSEAMERICAN:SVM) Sees Unusually-High Trading Volume

Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Rating) saw an uptick in trading volume on Tuesday . 24,969 shares changed hands during trading, a decline of 98% from the previous session’s volume of 1,373,542 shares.The stock last traded at $3.84 and had previously closed at $3.87.

A number of research firms have weighed in on SVM. TheStreet downgraded Silvercorp Metals from a “b-” rating to a “c+” rating in a report on Monday, January 31st. Echelon Wealth Partners reiterated a “buy” rating on shares of Silvercorp Metals in a report on Wednesday, December 22nd. Raymond James reduced their target price on Silvercorp Metals from C$7.00 to C$6.50 in a report on Tuesday, January 18th. Finally, Zacks Investment Research downgraded Silvercorp Metals from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $6.80.

The company has a market capitalization of $664.15 million, a price-to-earnings ratio of 20.37 and a beta of 0.87.

Silvercorp Metals (NYSEAMERICAN:SVM – Get Rating) last posted its quarterly earnings results on Tuesday, February 8th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. The company had revenue of $59.08 million for the quarter, compared to the consensus estimate of $57.55 million. Silvercorp Metals had a return on equity of 7.79% and a net margin of 15.89%. On average, equities analysts expect that Silvercorp Metals Inc. will post 0.23 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in Silvercorp Metals by 3.2% during the 4th quarter. Renaissance Technologies LLC now owns 4,734,731 shares of the company’s stock valued at $17,796,000 after purchasing an additional 146,982 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Silvercorp Metals by 2.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,662,173 shares of the company’s stock valued at $13,713,000 after buying an additional 104,676 shares during the last quarter. Two Sigma Investments LP increased its holdings in Silvercorp Metals by 263.1% in the 3rd quarter. Two Sigma Investments LP now owns 1,081,714 shares of the company’s stock worth $4,121,000 after buying an additional 783,808 shares in the last quarter. U S Global Investors Inc. raised its position in Silvercorp Metals by 182.5% in the 3rd quarter. U S Global Investors Inc. now owns 994,514 shares of the company’s stock worth $3,789,000 after buying an additional 642,514 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Silvercorp Metals by 78.5% during the 4th quarter. Millennium Management LLC now owns 670,727 shares of the company’s stock valued at $2,518,000 after acquiring an additional 294,967 shares during the period. Institutional investors own 28.79% of the company’s stock.

Silvercorp Metals Company Profile (NYSEAMERICAN:SVM)

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. Its flagship property is the Ying silver-lead- zinc project located in the Ying Mining District in Henan Province, China.

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