Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Rating) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,941,382 shares of the company’s stock after acquiring an additional 276,200 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 1.66% of Silvercorp Metals worth $8,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Citigroup Inc. increased its position in shares of Silvercorp Metals by 11.4% in the 4th quarter. Citigroup Inc. now owns 92,973 shares of the company’s stock valued at $273,000 after acquiring an additional 9,479 shares during the period. HighTower Advisors LLC acquired a new stake in Silvercorp Metals during the 4th quarter worth about $46,000. Edmond DE Rothschild Holding S.A. grew its position in Silvercorp Metals by 28.1% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 97,129 shares of the company’s stock worth $286,000 after purchasing an additional 21,320 shares during the period. Belpointe Asset Management LLC acquired a new stake in Silvercorp Metals during the 4th quarter worth about $26,000. Finally, Van ECK Associates Corp grew its position in Silvercorp Metals by 2.4% during the 4th quarter. Van ECK Associates Corp now owns 8,366,073 shares of the company’s stock worth $24,764,000 after purchasing an additional 193,401 shares during the period. 25.49% of the stock is owned by institutional investors and hedge funds.

Silvercorp Metals Stock Performance

Shares of SVM opened at $3.27 on Friday. Silvercorp Metals Inc. has a fifty-two week low of $1.99 and a fifty-two week high of $4.20. The stock has a market cap of $578.59 million, a price-to-earnings ratio of 14.00 and a beta of 1.01.

Analyst Upgrades and Downgrades

Separately, Raymond James increased their price target on Silvercorp Metals from C$6.15 to C$6.50 in a research report on Friday, February 10th.

Silvercorp Metals Company Profile

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Silvercorp Metals, Inc is a mining company. It engages in the acquisition, exploration, development, and mining of mineral properties. The firm operates through the following segments: Mining, and Administrative. The Mining segment comprises of the operation in Henan Luoning, Hunan, Guangdong, and other.