Silvercorp Metals (NYSEAMERICAN:SVM) Trading 8.8% Higher

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s stock price was up 8.8% during trading on Tuesday . The stock traded as high as $4.47 and last traded at $4.45. Approximately 1,901,906 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 1,932,459 shares. The stock had previously closed at $4.09.

Wall Street Analyst Weigh In

Separately, Roth Mkm lowered their price objective on shares of 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 Up 8.8 %

The stock has a market capitalization of $964.63 million, a PE ratio of 22.00 and a beta of 1.34.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, sell-side analysts expect that Silvercorp Metals Inc. will post 0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. First Heartland Consultants Inc. bought a new position in Silvercorp Metals in the 2nd quarter worth $34,000. Toronto Dominion Bank raised its holdings in Silvercorp Metals by 56.3% in the 2nd quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock worth $51,000 after acquiring an additional 5,435 shares during the period. Rathbones Group PLC raised its holdings in Silvercorp Metals by 27.4% in the 2nd quarter. Rathbones Group PLC now owns 17,140 shares of the company’s stock worth $57,000 after acquiring an additional 3,690 shares during the period. Williams & Novak LLC bought a new position in Silvercorp Metals in the 2nd quarter worth $61,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in Silvercorp Metals by 77.3% in 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 period. Institutional investors own 22.30% of the company’s stock.

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.