BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Stock Position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 24.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 478,853 shares of the company’s stock after acquiring an additional 93,845 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.27% of Silvercorp Metals worth $2,626,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Silvercorp Metals by 10.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,793,584 shares of the company’s stock valued at $18,683,000 after acquiring an additional 359,222 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Silvercorp Metals by 7.8% during the first quarter. Jupiter Asset Management Ltd. now owns 3,471,470 shares of the company’s stock valued at $17,069,000 after acquiring an additional 251,383 shares in the last quarter. Morgan Stanley increased its holdings in shares of Silvercorp Metals by 53.7% during the first quarter. Morgan Stanley now owns 1,004,064 shares of the company’s stock valued at $4,930,000 after acquiring an additional 350,657 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Silvercorp Metals by 66.9% during the first quarter. Bank of Montreal Can now owns 622,869 shares of the company’s stock valued at $3,401,000 after acquiring an additional 249,624 shares in the last quarter. Finally, TD Asset Management Inc. increased its holdings in shares of Silvercorp Metals by 2.2% during the first quarter. TD Asset Management Inc. now owns 596,450 shares of the company’s stock valued at $2,938,000 after acquiring an additional 12,714 shares in the last quarter. Hedge funds and other institutional investors own 31.12% of the company’s stock.

Several equities research analysts recently commented on the company. Raymond James assumed coverage on Silvercorp Metals in a report on Tuesday, June 22nd. They issued a “market perform” rating for the company. Canaccord Genuity reiterated a “buy” rating and issued a C$9.50 price objective on shares of Silvercorp Metals in a report on Wednesday, June 16th. Zacks Investment Research downgraded Silvercorp Metals from a “hold” rating to a “sell” rating in a report on Wednesday, August 11th. BMO Capital Markets lifted their price objective on Silvercorp Metals from C$7.50 to C$7.75 and gave the stock a “market perform” rating in a report on Friday, May 21st. Finally, Roth Capital reduced their price objective on Silvercorp Metals from $9.00 to $8.50 and set a “buy” rating for the company in a report on Monday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Silvercorp Metals presently has a consensus rating of “Hold” and a consensus target price of $8.58.

Silvercorp Metals stock opened at $4.19 on Friday. The company’s 50-day moving average price is $6.33. The company has a market cap of $739.17 million, a P/E ratio of 16.76 and a beta of 0.94. Silvercorp Metals Inc. has a 52-week low of $3.92 and a 52-week high of $8.71.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings results on Thursday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $58.82 million for the quarter, compared to the consensus estimate of $54.90 million. Silvercorp Metals had a net margin of 21.10% and a return on equity of 7.77%. As a group, sell-side analysts expect that Silvercorp Metals Inc. will post 0.32 earnings per share for the current fiscal year.

Silvercorp Metals Profile

Silvercorp Metals, Inc is a mining company. It engages in the acquisition, exploration, development, and mining of mineral properties. The firm operates through the following segments: Mining, and Administrative. The Mining segment comprises of the operation in Henan Luoning, Hunan, Guangdong, and other.

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

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