Fidelis Capital Partners LLC Invests $157,000 in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Fidelis Capital Partners LLC purchased a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $157,000.

Other hedge funds have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd boosted its holdings in Silvercorp Metals by 77.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock worth $70,000 after acquiring an additional 11,546 shares during the last quarter. Sprott Inc. lifted its position in shares of Silvercorp Metals by 4.7% during the fourth quarter. Sprott Inc. now owns 994,445 shares of the company’s stock valued at $2,595,000 after purchasing an additional 44,754 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted 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 during the last quarter. Tidal Investments LLC bought a new stake in Silvercorp Metals in the 1st quarter worth about $17,619,000. Finally, Virtu Financial LLC purchased a new stake in Silvercorp Metals in the 1st quarter valued at about $206,000. Institutional investors and hedge funds own 22.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Silvercorp Metals Trading Down 3.8 %

NYSEAMERICAN SVM opened at $4.09 on Tuesday. The stock has a market cap of $886.59 million, a price-to-earnings ratio of 20.45 and a beta of 1.34. Silvercorp Metals Inc. has a 52 week low of $2.08 and a 52 week high of $4.39.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Silvercorp Metals had a net margin of 21.57% and a return on equity of 7.95%. The company had revenue of $72.17 million during the quarter, compared to the consensus estimate of $72.00 million. On average, analysts anticipate that Silvercorp Metals Inc. will post 0.23 earnings per share for the current fiscal year.

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.