CIBC Asset Management Inc acquired a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 201,531 shares of the company’s stock, valued at approximately $1,687,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its position in Silvercorp Metals by 24.2% in the 3rd quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock valued at $69,306,000 after buying an additional 2,138,301 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Silvercorp Metals by 38.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock valued at $57,665,000 after buying an additional 2,534,155 shares during the last quarter. Baillie Gifford & Co. purchased a new position in Silvercorp Metals in the 4th quarter valued at about $35,248,000. Alps Advisors Inc. boosted its position in Silvercorp Metals by 111.9% in the 3rd quarter. Alps Advisors Inc. now owns 2,552,762 shares of the company’s stock valued at $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 shares of Silvercorp Metals during the third quarter worth about $8,962,000. 22.30% of the stock is owned by hedge funds and other institutional investors.
Silvercorp Metals Stock Performance
Shares of SVM stock opened at $10.66 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.50 and a current ratio of 3.58. Silvercorp Metals Inc. has a one year low of $3.96 and a one year high of $15.77. The company’s 50-day simple moving average is $12.26 and its 200-day simple moving average is $10.79. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of -266.43 and a beta of 1.08.
Silvercorp Metals Dividend Announcement
Analyst Ratings Changes
Separately, Roth Mkm reaffirmed a “neutral” rating and set a $13.25 price target on shares of Silvercorp Metals in a research report on Monday, June 1st. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.38.
Check Out Our Latest Analysis on SVM
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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