Silvercorp Metals (NYSEAMERICAN:SVM) Sees Large Volume Increase – Here’s Why

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) saw unusually-strong trading volume on Monday . Approximately 798,568 shares were traded during trading, a decline of 60% from the previous session’s volume of 1,978,949 shares.The stock last traded at $5.18 and had previously closed at $5.06.

Analyst Ratings Changes

Separately, Roth Mkm reduced their price target on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating on the stock in a research report on Wednesday, August 21st.

Silvercorp Metals Trading Down 0.3 %

The company has a market capitalization of $1.08 billion, a P/E ratio of 18.39 and a beta of 1.35.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $72.17 million during the quarter, compared to analysts’ expectations of $72.00 million. Silvercorp Metals had a return on equity of 7.95% and a net margin of 21.57%. Research analysts forecast that Silvercorp Metals Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Silvercorp Metals

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its position in shares of Silvercorp Metals by 1,218.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,354,921 shares of the company’s stock worth $4,520,000 after acquiring an additional 1,252,174 shares in the last quarter. TD Asset Management Inc acquired a new stake in Silvercorp Metals during the second quarter worth approximately $568,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Silvercorp Metals by 4.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,670,682 shares of the company’s stock worth $15,226,000 after purchasing an additional 199,916 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Silvercorp Metals by 96.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 32,122 shares of the company’s stock worth $107,000 after buying an additional 15,807 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Silvercorp Metals by 0.8% in the 2nd quarter. American Century Companies Inc. now owns 1,125,635 shares of the company’s stock valued at $3,768,000 after buying an additional 9,300 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Company Profile

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.