Silvercorp Metals (NYSEAMERICAN:SVM) Stock Price Up 5.3% – What’s Next?

Silvercorp Metals Inc. (NYSEAMERICAN:SVM)’s share price traded up 5.3% during trading on Monday . The stock traded as high as $12.42 and last traded at $12.3030. 1,240,892 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 7,015,240 shares. The stock had previously closed at $11.68.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a research note on Wednesday, January 14th. Roth Mkm set a $11.00 price objective on shares of Silvercorp Metals in a research report on Tuesday, February 10th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Silvercorp Metals in a report on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Silvercorp Metals Stock Performance

The firm has a fifty day simple moving average of $10.30 and a two-hundred day simple moving average of $7.66. The firm has a market cap of $2.90 billion, a PE ratio of -187.54 and a beta of 0.97.

Hedge Funds Weigh In On Silvercorp Metals

Institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its position in shares of Silvercorp Metals by 238.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company’s stock valued at $77,244,000 after buying an additional 6,511,389 shares in the last quarter. Baillie Gifford & Co. purchased a new position in Silvercorp Metals in the fourth quarter worth about $35,248,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Silvercorp Metals by 38.4% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock worth $57,665,000 after acquiring an additional 2,534,155 shares during the last quarter. Tidal Investments LLC raised its position in Silvercorp Metals by 24.2% during the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock valued at $69,306,000 after purchasing an additional 2,138,301 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Silvercorp Metals by 29.6% in the 4th quarter. Van ECK Associates Corp now owns 6,845,803 shares of the company’s stock valued at $57,097,000 after purchasing an additional 1,562,525 shares during the last quarter. 22.30% of the stock is owned by hedge funds and other institutional investors.

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.