Mirae Asset Global Investments Co. Ltd. lifted its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Rating) by 4.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,825,782 shares of the company’s stock after acquiring an additional 163,609 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Silvercorp Metals were worth $13,967,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in SVM. Renaissance Technologies LLC increased its position in Silvercorp Metals by 7.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,068,096 shares of the company’s stock valued at $18,365,000 after buying an additional 333,365 shares in the last quarter. U S Global Investors Inc. increased its position in Silvercorp Metals by 198.9% during the 1st quarter. U S Global Investors Inc. now owns 1,052,041 shares of the company’s stock valued at $3,808,000 after buying an additional 700,041 shares in the last quarter. Swiss National Bank increased its position in Silvercorp Metals by 8.3% during the 1st quarter. Swiss National Bank now owns 420,200 shares of the company’s stock valued at $1,531,000 after buying an additional 32,300 shares in the last quarter. CoreCommodity Management LLC increased its position in Silvercorp Metals by 50.4% during the 4th quarter. CoreCommodity Management LLC now owns 359,047 shares of the company’s stock valued at $1,350,000 after buying an additional 120,335 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Silvercorp Metals by 18.0% during the 1st quarter. JPMorgan Chase & Co. now owns 322,602 shares of the company’s stock valued at $1,168,000 after buying an additional 49,325 shares in the last quarter. Institutional investors own 29.45% of the company’s stock.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets initiated coverage on Silvercorp Metals in a research note on Monday, May 30th. They set a “hold” rating and a $6.00 target price on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Silvercorp Metals presently has an average rating of “Moderate Buy” and an average target price of $6.50.
Silvercorp Metals Trading Up 4.0 %
Silvercorp Metals (NYSEAMERICAN:SVM – Get Rating) last issued its earnings results on Thursday, August 11th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. Silvercorp Metals had a return on equity of 8.22% and a net margin of 12.84%. The business had revenue of $63.59 million for the quarter, compared to the consensus estimate of $59.80 million. On average, equities research analysts expect that Silvercorp Metals Inc. will post 0.17 earnings per share for the current year.
Silvercorp Metals Profile
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. It holds interests in the Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; Kuanping project located in Sanmenxia City, Shanzhou District, Henan Province, China; and La Yesca project located in northwest of Guadalajara, Mexico.
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