Man Group plc Makes New Investment in Silvercorp Metals Inc. $SVM

Man Group plc purchased a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 431,140 shares of the company’s stock, valued at approximately $4,355,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SVM. State of Wyoming acquired a new stake in shares of Silvercorp Metals in the 2nd quarter valued at $47,000. Banque Cantonale Vaudoise acquired a new position in Silvercorp Metals during the third quarter worth $57,000. Employees Retirement System of Texas bought a new position in Silvercorp Metals during the fourth quarter valued at about $61,000. EverSource Wealth Advisors LLC raised its holdings in Silvercorp Metals by 18.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock valued at $63,000 after buying an additional 1,170 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new position in Silvercorp Metals during the third quarter valued at about $67,000. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Price Performance

NYSEAMERICAN SVM opened at $12.77 on Monday. The company has a current ratio of 3.51, a quick ratio of 3.46 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $10.66 and a 200 day simple moving average of $11.42. The company has a market cap of $2.82 billion, a P/E ratio of 106.43 and a beta of 1.15. Silvercorp Metals Inc. has a 1 year low of $4.58 and a 1 year high of $15.77.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its earnings results on Monday, August 10th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $138.67 million for the quarter, compared to the consensus estimate of $138.70 million. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%. During the same quarter last year, the firm posted $0.08 EPS. On average, sell-side analysts predict that Silvercorp Metals Inc. will post 0.66 EPS for the current year.

Analyst Upgrades and Downgrades

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

Silvercorp Metals Company Profile

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.