Sprott Inc. Decreases Stock Position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Sprott Inc. trimmed its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 7.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 973,711 shares of the company’s stock after selling 79,015 shares during the quarter. Sprott Inc.’s holdings in Silvercorp Metals were worth $2,924,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC lifted its stake in Silvercorp Metals by 54.7% in the 3rd quarter. Signaturefd LLC now owns 13,112 shares of the company’s stock worth $57,000 after purchasing an additional 4,635 shares in the last quarter. Creative Planning increased its holdings in shares of Silvercorp Metals by 10.9% in the third quarter. Creative Planning now owns 47,234 shares of the company’s stock valued at $206,000 after purchasing an additional 4,659 shares during the last quarter. Blue Trust Inc. lifted its position in Silvercorp Metals by 563.7% during the third quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock worth $29,000 after buying an additional 5,626 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Silvercorp Metals during the third quarter worth $32,000. Finally, Virtu Financial LLC grew its holdings in Silvercorp Metals by 21.1% in the 3rd quarter. Virtu Financial LLC now owns 54,233 shares of the company’s stock valued at $237,000 after buying an additional 9,465 shares in the last quarter. 22.30% of the stock is owned by hedge funds and other institutional investors.

Silvercorp Metals Stock Down 1.6 %

Shares of SVM opened at $3.64 on Wednesday. Silvercorp Metals Inc. has a 52-week low of $2.35 and a 52-week high of $5.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.35. The firm has a market capitalization of $792.50 million, a price-to-earnings ratio of 10.11 and a beta of 1.20.

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.