Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 20.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 54,402 shares of the company’s stock after selling 13,592 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Silvercorp Metals were worth $142,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised 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 last quarter. Mackenzie Financial Corp raised its stake in shares of Silvercorp Metals by 0.3% during the 3rd quarter. Mackenzie Financial Corp now owns 1,627,255 shares of the company’s stock valued at $3,679,000 after buying an additional 5,524 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in shares of Silvercorp Metals in the 3rd quarter valued at about $39,000. Aigen Investment Management LP boosted its stake in shares of Silvercorp Metals by 115.1% in the third quarter. Aigen Investment Management LP now owns 36,248 shares of the company’s stock worth $85,000 after buying an additional 19,398 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new stake in Silvercorp Metals during the third quarter worth about $46,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Stock Down 2.0 %

NYSEAMERICAN:SVM opened at $3.36 on Thursday. Silvercorp Metals Inc. has a 12 month low of $2.08 and a 12 month high of $3.98. The company has a market cap of $595.76 million, a price-to-earnings ratio of 19.76 and a beta of 1.24.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $58.51 million for the quarter, compared to analyst estimates of $55.10 million. Silvercorp Metals had a return on equity of 6.96% and a net margin of 15.01%. Equities research analysts forecast that Silvercorp Metals Inc. will post 0.2 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Roth Mkm decreased their price objective on shares of Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th.

About Silvercorp Metals

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.