TD Asset Management Inc Buys 31,374 Shares of Silvercorp Metals Inc. $SVM

TD Asset Management Inc lifted its position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 13.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 259,708 shares of the company’s stock after buying an additional 31,374 shares during the quarter. TD Asset Management Inc owned about 0.12% of Silvercorp Metals worth $1,098,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cambridge Investment Research Advisors Inc. acquired a new stake in Silvercorp Metals during the first quarter worth approximately $170,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Silvercorp Metals during the 1st quarter worth $72,000. U S Global Investors Inc. increased its position in shares of Silvercorp Metals by 277.1% in the second quarter. U S Global Investors Inc. now owns 1,206,666 shares of the company’s stock worth $5,092,000 after purchasing an additional 886,666 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Silvercorp Metals by 11.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,498,383 shares of the company’s stock valued at $21,203,000 after purchasing an additional 576,767 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Silvercorp Metals during the first quarter worth about $628,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on SVM. Cantor Fitzgerald set a $7.50 price objective on Silvercorp Metals and gave the company an “overweight” rating in a report on Monday, September 22nd. Zacks Research lowered Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Raymond James Financial reaffirmed an “outperform” rating on shares of Silvercorp Metals in a research note on Friday, October 10th. Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Finally, Roth Capital set a $8.25 price objective on shares of Silvercorp Metals and gave the company a “buy” rating in a research note on Friday, October 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $7.88.

Silvercorp Metals Trading Up 0.3%

Silvercorp Metals stock opened at $6.36 on Thursday. Silvercorp Metals Inc. has a one year low of $2.87 and a one year high of $7.78. The business’s fifty day moving average is $5.68 and its 200 day moving average is $4.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.50. The stock has a market capitalization of $1.39 billion, a PE ratio of 24.46 and a beta of 0.86.

Silvercorp Metals 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.