Silvercorp Metals (NYSEAMERICAN:SVM) Posts Earnings Results, Meets Expectations

Silvercorp Metals (NYSEAMERICAN:SVM – Get Rating) issued its earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03, Yahoo Finance reports. The firm had revenue of $34.15 million during the quarter, compared to analyst estimates of $33.30 million. Silvercorp Metals had a net margin of 11.29% and a return on equity of 7.08%.

Silvercorp Metals Stock Down 5.8 %

Shares of SVM stock traded down $0.19 on Friday, hitting $3.08. The company had a trading volume of 270,751 shares, compared to its average volume of 1,220,658. The stock has a market cap of $544.98 million, a PE ratio of 23.36 and a beta of 1.01. Silvercorp Metals has a twelve month low of $1.99 and a twelve month high of $4.20.

Institutional Trading of Silvercorp Metals

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Silvercorp Metals by 28.8% in the fourth quarter. Barclays PLC now owns 14,300 shares of the company’s stock valued at $42,000 after purchasing an additional 3,200 shares during the period. LPL Financial LLC increased its stake in shares of Silvercorp Metals by 4.9% during the second quarter. LPL Financial LLC now owns 102,634 shares of the company’s stock worth $255,000 after purchasing an additional 4,778 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Silvercorp Metals by 7.1% during the third quarter. Cubist Systematic Strategies LLC now owns 86,737 shares of the company’s stock worth $202,000 after purchasing an additional 5,723 shares in the last quarter. Credit Suisse AG increased its stake in shares of Silvercorp Metals by 3.4% during the fourth quarter. Credit Suisse AG now owns 195,800 shares of the company’s stock worth $580,000 after purchasing an additional 6,447 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Silvercorp Metals by 60.1% during the fourth quarter. Creative Planning now owns 17,774 shares of the company’s stock worth $53,000 after purchasing an additional 6,669 shares in the last quarter. 25.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Raymond James increased their price objective on Silvercorp Metals from C$6.15 to C$6.50 in a research note on Friday, February 10th.

About Silvercorp Metals

(Get Rating)

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.