Silvercorp Metals Inc. $SVM Stock Holdings Increased by U S Global Investors Inc.

U S Global Investors Inc. lifted its stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 277.1% in the second quarter, Holdings Channel.com reports. The firm owned 1,206,666 shares of the company’s stock after acquiring an additional 886,666 shares during the quarter. Silvercorp Metals comprises 0.6% of U S Global Investors Inc.’s portfolio, making the stock its 28th largest holding. U S Global Investors Inc.’s holdings in Silvercorp Metals were worth $5,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in SVM. Citigroup Inc. lifted its position in shares of Silvercorp Metals by 8,416.5% in the first quarter. Citigroup Inc. now owns 3,573,536 shares of the company’s stock worth $13,780,000 after purchasing an additional 3,531,576 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Silvercorp Metals by 11.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,498,383 shares of the company’s stock worth $21,203,000 after purchasing an additional 576,767 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Silvercorp Metals by 536.0% in the first quarter. Alps Advisors Inc. now owns 627,376 shares of the company’s stock worth $2,428,000 after purchasing an additional 528,736 shares in the last quarter. Sprott Inc. lifted its position in shares of Silvercorp Metals by 39.1% in the first quarter. Sprott Inc. now owns 1,354,657 shares of the company’s stock worth $5,230,000 after purchasing an additional 380,946 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Silvercorp Metals in the first quarter worth approximately $628,000. 22.30% of the stock is owned by hedge funds and other institutional investors.

Silvercorp Metals Trading Down 3.2%

Shares of SVM stock opened at $6.64 on Friday. Silvercorp Metals Inc. has a 12 month low of $2.87 and a 12 month high of $7.50. The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $5.31 and its two-hundred day moving average is $4.50. The company has a market cap of $1.45 billion, a PE ratio of 25.54 and a beta of 0.86.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SVM shares. Roth Capital set a $8.25 price target on shares of Silvercorp Metals and gave the stock a “buy” rating in a research report on Friday, October 3rd. Zacks Research downgraded Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Cantor Fitzgerald set a $7.50 price objective on Silvercorp Metals and gave the stock an “overweight” rating in a report on Monday, September 22nd. Raymond James Financial restated an “outperform” rating on shares of Silvercorp Metals in a report on Friday. Finally, Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.88.

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.