Williams & Novak LLC Decreases Position in Silvercorp Metals Inc. $SVM

Williams & Novak LLC trimmed its position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 13.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,150 shares of the company’s stock after selling 2,250 shares during the quarter. Williams & Novak LLC’s holdings in Silvercorp Metals were worth $60,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in Silvercorp Metals by 3.4% during the second quarter. Public Employees Retirement System of Ohio now owns 77,683 shares of the company’s stock worth $329,000 after purchasing an additional 2,581 shares in the last quarter. Ballentine Partners LLC purchased a new stake in Silvercorp Metals during the second quarter worth $50,000. Goldman Sachs Group Inc. boosted its position in Silvercorp Metals by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company’s stock worth $3,273,000 after purchasing an additional 28,803 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Silvercorp Metals by 91.4% in the first quarter. Jane Street Group LLC now owns 102,296 shares of the company’s stock worth $396,000 after acquiring an additional 48,854 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Silvercorp Metals in the first quarter worth $97,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SVM has been the subject of a number of analyst reports. Zacks Research cut Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Cormark raised Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a report on Friday. Cantor Fitzgerald set a $7.50 price target on Silvercorp Metals and gave the stock an “overweight” rating in a report on Monday, September 22nd. Finally, Roth Capital set a $8.25 price target on Silvercorp Metals and gave the stock a “buy” rating in a report on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.88.

Silvercorp Metals Stock Performance

Silvercorp Metals stock opened at $6.64 on Friday. The firm has a market capitalization of $1.45 billion, a P/E ratio of 25.54 and a beta of 0.86. The stock has a fifty day moving average price of $5.31 and a 200 day moving average price of $4.50. Silvercorp Metals Inc. has a 52 week low of $2.87 and a 52 week high of $7.50. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13.

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.