Silvercorp Metals (NYSEAMERICAN:SVM) Announces Earnings Results, Beats Expectations By $0.01 EPS

Silvercorp Metals (NYSEAMERICAN:SVMGet Free Report) posted its earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01, reports. The firm had revenue of $58.51 million during the quarter, compared to the consensus estimate of $55.10 million. Silvercorp Metals had a net margin of 15.01% and a return on equity of 7.05%.

Silvercorp Metals Stock Up 5.8 %

Shares of NYSEAMERICAN SVM opened at $2.38 on Friday. The stock has a market cap of $421.36 million, a PE ratio of 10.35 and a beta of 1.19. Silvercorp Metals has a 12 month low of $2.08 and a 12 month high of $4.20.

Institutional Investors Weigh In On Silvercorp Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp boosted its position in shares of Silvercorp Metals by 2,438.6% in the second quarter. Mackenzie Financial Corp now owns 1,621,731 shares of the company’s stock worth $4,615,000 after acquiring an additional 1,557,847 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Silvercorp Metals by 2,243.1% in the third quarter. Jane Street Group LLC now owns 1,421,855 shares of the company’s stock worth $3,320,000 after acquiring an additional 1,361,173 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Silvercorp Metals by 5,130.8% in the fourth quarter. American Century Companies Inc. now owns 1,001,955 shares of the company’s stock worth $2,945,000 after acquiring an additional 982,800 shares during the last quarter. Renaissance Technologies LLC lifted its position in Silvercorp Metals by 19.7% during the second quarter. Renaissance Technologies LLC now owns 4,731,295 shares of the company’s stock valued at $13,342,000 after buying an additional 777,799 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Silvercorp Metals by 8.2% during the fourth quarter. Van ECK Associates Corp now owns 9,106,260 shares of the company’s stock valued at $23,949,000 after buying an additional 693,952 shares in the last quarter. 24.82% of the stock is currently owned by hedge funds and other institutional investors.

Silvercorp Metals Company Profile

(Get Free Report)

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.

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Earnings History for Silvercorp Metals (NYSEAMERICAN:SVM)

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