Spark Investment Management LLC Buys New Stake in Silvercorp Metals Inc. $SVM

by · The Markets Daily

Spark Investment Management LLC purchased a new position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 82,000 shares of the company’s stock, valued at approximately $829,000. Silvercorp Metals makes up 1.6% of Spark Investment Management LLC’s investment portfolio, making the stock its 17th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Silvercorp Metals by 18.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock worth $63,000 after buying an additional 1,170 shares in the last quarter. Parvin Asset Management LLC boosted its stake in Silvercorp Metals by 0.6% in the 1st quarter. Parvin Asset Management LLC now owns 205,225 shares of the company’s stock valued at $2,204,000 after buying an additional 1,175 shares in the last quarter. DGS Capital Management LLC grew its position in Silvercorp Metals by 14.6% in the fourth quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock valued at $216,000 after acquiring an additional 3,301 shares during the period. TD Waterhouse Canada Inc. grew its position in Silvercorp Metals by 26.6% in the second quarter. TD Waterhouse Canada Inc. now owns 17,094 shares of the company’s stock valued at $172,000 after acquiring an additional 3,594 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. raised its stake in Silvercorp Metals by 4.2% during the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 91,700 shares of the company’s stock worth $925,000 after acquiring an additional 3,700 shares in the last quarter. 22.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SVM. Roth Capital restated a “buy” rating and issued a $14.00 target price (up from $13.50) on shares of Silvercorp Metals in a research note on Wednesday, August 12th. Zacks Research lowered shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Jefferies Financial Group upgraded shares of Silvercorp Metals to a “buy” rating in a research note on Monday, June 15th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.75.

View Our Latest Research Report on Silvercorp Metals

Silvercorp Metals Price Performance

SVM traded down $0.05 during midday trading on Tuesday, hitting $12.43. The company had a trading volume of 1,299,498 shares, compared to its average volume of 4,422,404. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.46 and a current ratio of 3.51. The company has a market capitalization of $2.75 billion, a PE ratio of 103.59 and a beta of 1.22. Silvercorp Metals Inc. has a twelve month low of $4.82 and a twelve month high of $15.77. The firm’s 50-day simple moving average is $10.87 and its 200-day simple moving average is $11.50.

Silvercorp Metals (NYSEAMERICAN:SVM – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%. The company had revenue of $138.67 million for the quarter, compared to analyst estimates of $138.70 million. During the same period in the prior year, the business earned $0.08 earnings per share. Equities research analysts predict that Silvercorp Metals Inc. will post 0.66 EPS for the current fiscal year.

Silvercorp Metals Company Profile

(Free Report)

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.

See Also

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