Auxano Advisors LLC purchased a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 280,000 shares of the company’s stock, valued at approximately $2,335,000.
A number of other large investors also recently bought and sold shares of the company. Tidal Investments LLC lifted its holdings in Silvercorp Metals by 24.2% during the 3rd quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock worth $69,306,000 after buying an additional 2,138,301 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Silvercorp Metals by 38.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock worth $57,665,000 after buying an additional 2,534,155 shares during the last quarter. Baillie Gifford & Co. bought a new position in Silvercorp Metals during the 4th quarter worth approximately $35,248,000. Alps Advisors Inc. lifted its holdings in Silvercorp Metals by 111.9% during the 3rd quarter. Alps Advisors Inc. now owns 2,552,762 shares of the company’s stock worth $16,133,000 after buying an additional 1,347,819 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new position in Silvercorp Metals during the 3rd quarter worth approximately $8,962,000. Institutional investors own 22.30% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Roth Mkm reissued a “neutral” rating and issued a $12.50 price target on shares of Silvercorp Metals in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.
Silvercorp Metals Stock Performance
Shares of SVM stock opened at $13.16 on Tuesday. Silvercorp Metals Inc. has a 1 year low of $3.53 and a 1 year high of $15.77. The stock has a market cap of $2.91 billion, a PE ratio of -187.97 and a beta of 1.08. The business’s fifty day moving average is $11.81 and its 200-day moving average is $10.19.
Silvercorp Metals Company Profile
Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.
The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.
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