Spark Investment Management LLC Takes Position in Silvercorp Metals Inc. $SVM

Spark Investment Management LLC acquired a new position in Silvercorp Metals Inc. (NYSEAMERICAN:SVMFree Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 82,000 shares of the company’s stock, valued at approximately $829,000. Silvercorp Metals comprises approximately 1.6% of Spark Investment Management LLC’s holdings, making the stock its 17th biggest position.

Several other large investors have also modified their holdings of SVM. Van ECK Associates Corp raised its holdings in Silvercorp Metals by 125.6% in the 2nd quarter. Van ECK Associates Corp now owns 15,941,612 shares of the company’s stock worth $161,025,000 after acquiring an additional 8,875,001 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Silvercorp Metals by 238.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company’s stock valued at $77,244,000 after acquiring an additional 6,511,389 shares during the period. BlackRock Inc. acquired a new stake in shares of Silvercorp Metals in the second quarter valued at about $42,564,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Silvercorp Metals in the second quarter worth about $39,719,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Silvercorp Metals by 38.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock worth $57,665,000 after purchasing an additional 2,534,155 shares during the period. 22.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SVM. Zacks Research downgraded Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Roth Capital reaffirmed a “buy” rating and issued a $14.00 price target (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group raised Silvercorp Metals to a “buy” rating in a research report on Monday, June 15th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Silvercorp Metals has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

View Our Latest Stock Analysis on SVM

Silvercorp Metals Stock Performance

Shares of NYSEAMERICAN SVM traded down $0.05 during mid-day trading on Tuesday, hitting $12.43. The company had a trading volume of 1,299,498 shares, compared to its average volume of 4,422,404. Silvercorp Metals Inc. has a 12 month low of $4.82 and a 12 month high of $15.77. The firm has a market cap of $2.75 billion, a P/E ratio of 103.59 and a beta of 1.22. The business’s 50-day simple moving average is $10.87 and its 200-day simple moving average is $11.50. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.51 and a quick ratio of 3.46.

Silvercorp Metals (NYSEAMERICAN:SVMGet Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.The firm had revenue of $138.67 million during the quarter, compared to analysts’ expectations of $138.70 million. During the same quarter in the prior year, the firm posted $0.08 EPS. As a group, analysts predict that Silvercorp Metals Inc. will post 0.66 earnings per share for the current fiscal year.

Silvercorp Metals Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SVM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silvercorp Metals Inc. (NYSEAMERICAN:SVMFree Report).

Institutional Ownership by Quarter for Silvercorp Metals (NYSEAMERICAN:SVM)

Receive News & Ratings for Silvercorp Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silvercorp Metals and related companies with MarketBeat.com's FREE daily email newsletter.