Creative Planning Acquires 4,659 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Creative Planning raised its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 10.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,234 shares of the company’s stock after buying an additional 4,659 shares during the period. Creative Planning’s holdings in Silvercorp Metals were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its position in shares of Silvercorp Metals by 1,218.7% during the second quarter. Acadian Asset Management LLC now owns 1,354,921 shares of the company’s stock valued at $4,520,000 after purchasing an additional 1,252,174 shares in the last quarter. TD Asset Management Inc bought a new position in shares of Silvercorp Metals during the second quarter valued at about $568,000. SG Americas Securities LLC bought a new position in shares of Silvercorp Metals during the third quarter valued at about $82,000. Cubist Systematic Strategies LLC increased its holdings in Silvercorp Metals by 96.9% during the second 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. increased its holdings in Silvercorp Metals by 0.8% during the second quarter. American Century Companies Inc. now owns 1,125,635 shares of the company’s stock worth $3,768,000 after buying an additional 9,300 shares during the last quarter. 22.30% of the stock is owned by institutional investors.

Silvercorp Metals Price Performance

NYSEAMERICAN SVM opened at $3.90 on Tuesday. Silvercorp Metals Inc. has a 52-week low of $2.08 and a 52-week high of $5.32. The stock has a market cap of $846.03 million, a P/E ratio of 13.00 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $68.00 million during the quarter, compared to the consensus estimate of $67.90 million. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.86%. On average, equities research analysts anticipate that Silvercorp Metals Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm decreased their price objective on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company in a report on Wednesday, August 21st.

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.