Silvercorp Metals (NYSEAMERICAN:SVM) Sees Unusually-High Trading Volume

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) saw an uptick in trading volume on Friday . 1,309,693 shares were traded during mid-day trading, a decline of 27% from the previous session’s volume of 1,801,421 shares.The stock last traded at $3.32 and had previously closed at $3.55.

Analysts Set New Price Targets

Separately, Roth Mkm reduced their price objective on shares of Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Wednesday.

Silvercorp Metals Price Performance

The company has a market cap of $586.90 million, a price-to-earnings ratio of 19.53 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its earnings results on Thursday, February 8th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Silvercorp Metals had a return on equity of 6.96% and a net margin of 15.01%. The company had revenue of $58.51 million for the quarter, compared to analyst estimates of $55.10 million. As a group, analysts predict that Silvercorp Metals Inc. will post 0.2 EPS for the current year.

Institutional Trading of Silvercorp Metals

Several large investors have recently modified their holdings of SVM. U S Global Investors Inc. boosted its stake in shares of Silvercorp Metals by 367.1% during the first quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company’s stock valued at $3,807,000 after acquiring an additional 917,700 shares during the last quarter. PFG Investments LLC purchased a new position in Silvercorp Metals in the 1st quarter valued at about $40,000. Sprott Inc. boosted its stake in shares of Silvercorp Metals by 4.7% during the 4th quarter. Sprott Inc. now owns 994,445 shares of the company’s stock worth $2,595,000 after purchasing an additional 44,754 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Silvercorp Metals during the fourth quarter worth about $119,000. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Silvercorp Metals by 77.3% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock valued at $70,000 after buying an additional 11,546 shares during the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

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.