Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Down to $3.57

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) gapped down before the market opened on Monday . The stock had previously closed at $3.57, but opened at $3.36. Silvercorp Metals shares last traded at $3.51, with a volume of 1,747,093 shares trading hands.

Silvercorp Metals Price Performance

The company has a market cap of $626.79 million, a PE ratio of 20.79 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $58.51 million for 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 6.96%. On average, analysts expect that Silvercorp Metals Inc. will post 0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Silvercorp Metals

A number of large investors have recently made changes to their positions in SVM. Evergreen Capital Management LLC purchased a new stake in Silvercorp Metals during the 3rd quarter worth approximately $39,000. PFG Investments LLC acquired a new stake in Silvercorp Metals during the 1st quarter worth about $40,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Silvercorp Metals by 34.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock worth $44,000 after purchasing an additional 4,855 shares during the period. PEAK6 Investments LLC acquired a new position in Silvercorp Metals in the 3rd quarter worth approximately $46,000. Finally, Dynamic Technology Lab Private Ltd increased its holdings in Silvercorp Metals by 77.3% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock worth $70,000 after buying an additional 11,546 shares during the period. 22.30% of the stock is owned by institutional investors and hedge funds.

Silvercorp Metals Company Profile

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.