Investors Purchase High Volume of Silvercorp Metals Call Options (NYSEAMERICAN:SVM)

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) was the target of unusually large options trading on Friday. Investors purchased 2,298 call options on the stock. This is an increase of 237% compared to the typical daily volume of 682 call options.

Institutional Trading of Silvercorp Metals

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of Silvercorp Metals by 8.2% during the 4th quarter. Van ECK Associates Corp now owns 9,106,260 shares of the company’s stock valued at $23,949,000 after purchasing an additional 693,952 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Silvercorp Metals by 5.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,089,582 shares of the company’s stock valued at $9,514,000 after purchasing an additional 219,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Silvercorp Metals by 34.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock valued at $44,000 after purchasing an additional 4,855 shares during the last quarter. Jump Financial LLC increased its position in shares of Silvercorp Metals by 103.9% during the 3rd quarter. Jump Financial LLC now owns 139,863 shares of the company’s stock valued at $329,000 after purchasing an additional 71,263 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new position in shares of Silvercorp Metals during the 3rd quarter valued at approximately $39,000. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Stock Performance

Shares of SVM opened at $4.10 on Friday. The company has a market cap of $728.20 million, a P/E ratio of 20.50 and a beta of 1.24. Silvercorp Metals has a 12-month low of $2.08 and a 12-month high of $4.24.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its earnings results on Thursday, May 23rd. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $42.68 million for the quarter, compared to the consensus estimate of $38.50 million. Silvercorp Metals had a return on equity of 6.76% and a net margin of 16.87%. On average, equities analysts expect that Silvercorp Metals will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm lowered their price objective on Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th.

About Silvercorp Metals

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.