Royal Bank of Canada Sells 357,292 Shares of Silvercorp Metals Inc. $SVM

Royal Bank of Canada cut its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 81.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,116 shares of the company’s stock after selling 357,292 shares during the quarter. Royal Bank of Canada’s holdings in Silvercorp Metals were worth $882,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its position in shares of Silvercorp Metals by 238.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company’s stock worth $77,244,000 after purchasing an additional 6,511,389 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Silvercorp Metals by 38.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock worth $57,665,000 after purchasing an additional 2,534,155 shares in the last quarter. Tidal Investments LLC boosted its stake in Silvercorp Metals by 24.2% in the 3rd quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock worth $69,306,000 after purchasing an additional 2,138,301 shares during the period. Van ECK Associates Corp grew its holdings in Silvercorp Metals by 29.6% during the 4th quarter. Van ECK Associates Corp now owns 6,845,803 shares of the company’s stock valued at $57,097,000 after buying an additional 1,562,525 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its holdings in Silvercorp Metals by 102.0% during the 4th quarter. Voloridge Investment Management LLC now owns 2,863,819 shares of the company’s stock valued at $23,884,000 after buying an additional 1,445,799 shares in the last quarter. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Silvercorp Metals Price Performance

Shares of Silvercorp Metals stock opened at $12.53 on Friday. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 104.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.46 and a current ratio of 3.51. The stock has a 50 day moving average price of $10.55 and a 200-day moving average price of $11.32. Silvercorp Metals Inc. has a one year low of $4.37 and a one year high of $15.77.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings results on Monday, August 10th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.The company had revenue of $138.67 million for the quarter, compared to analyst estimates of $138.70 million. During the same quarter in the prior year, the firm posted $0.08 EPS. Equities analysts expect that Silvercorp Metals Inc. will post 0.66 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on SVM. Jefferies Financial Group raised shares of Silvercorp Metals to a “buy” rating in a report on Monday, June 15th. Zacks Research cut shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Roth Capital reiterated a “buy” rating and issued a $14.00 price target (up from $13.50) on shares of Silvercorp Metals in a report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.75.

About Silvercorp Metals

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.