Fiscal Wisdom Wealth Management LLC decreased its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Free Report) by 34.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,589 shares of the company’s stock after selling 93,784 shares during the quarter. Silvercorp Metals comprises approximately 1.8% of Fiscal Wisdom Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. Fiscal Wisdom Wealth Management LLC’s holdings in Silvercorp Metals were worth $1,875,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SVM. JPMorgan Chase & Co. raised its holdings in shares of Silvercorp Metals by 1,253.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 943,902 shares of the company’s stock valued at $5,965,000 after purchasing an additional 874,170 shares during the period. Baillie Gifford & Co. bought a new position in shares of Silvercorp Metals during the 4th quarter worth approximately $35,248,000. Tudor Investment Corp ET AL bought a new position in shares of Silvercorp Metals during the 3rd quarter worth approximately $8,547,000. LOM Asset Management Ltd acquired a new position in shares of Silvercorp Metals during the 4th quarter worth approximately $1,309,000. Finally, Pictet Asset Management Holding SA raised its stake in Silvercorp Metals by 349.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 146,793 shares of the company’s stock valued at $1,229,000 after acquiring an additional 114,128 shares during the period. Institutional investors own 22.30% of the company’s stock.
Silvercorp Metals Price Performance
NYSEAMERICAN:SVM opened at $8.82 on Friday. Silvercorp Metals Inc. has a 52 week low of $4.26 and a 52 week high of $15.77. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -220.44 and a beta of 1.13. The firm’s 50-day simple moving average is $11.47 and its 200 day simple moving average is $11.27. 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 Announces Dividend
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Jefferies Financial Group raised shares of Silvercorp Metals to a “buy” rating in a research report on Monday, June 15th. Zacks Research raised shares of Silvercorp Metals from a “hold” rating to a “strong-buy” rating in a report on Friday, June 19th. Finally, Roth Capital decreased their target price on Silvercorp Metals from $14.00 to $13.50 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $10.50.
Check Out Our Latest Stock Analysis on Silvercorp Metals
About Silvercorp Metals
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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