10,497 Shares in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,497 shares of the company’s stock, valued at approximately $46,000.

Other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Silvercorp Metals by 563.7% in the 3rd quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock valued at $29,000 after buying an additional 5,626 shares in the last quarter. First Heartland Consultants Inc. bought a new stake in Silvercorp Metals in the second quarter valued at about $34,000. Signaturefd LLC raised its position in Silvercorp Metals by 54.7% in the third 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. Toronto Dominion Bank lifted its stake in Silvercorp Metals by 56.3% during the second quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock worth $51,000 after purchasing an additional 5,435 shares during the period. Finally, Rathbones Group PLC boosted its holdings in Silvercorp Metals by 27.4% during the second quarter. Rathbones Group PLC now owns 17,140 shares of the company’s stock valued at $57,000 after purchasing an additional 3,690 shares in the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

Silvercorp Metals Trading Up 3.3 %

Shares of NYSEAMERICAN SVM opened at $4.59 on Friday. Silvercorp Metals Inc. has a fifty-two week low of $2.08 and a fifty-two week high of $5.32. The company has a market capitalization of $994.62 million, a P/E ratio of 16.98 and a beta of 1.33.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Silvercorp Metals had a return on equity of 7.95% and a net margin of 21.57%. The business had revenue of $72.17 million for the quarter, compared to analysts’ expectations of $72.00 million. Research analysts predict that Silvercorp Metals Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Roth Mkm cut their price target 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.

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.