U S Global Investors Inc. Sells 1,312,671 Shares of Silvercorp Metals Inc. $SVM

U S Global Investors Inc. lessened its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 84.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 250,000 shares of the company’s stock after selling 1,312,671 shares during the quarter. U S Global Investors Inc.’s holdings in Silvercorp Metals were worth $2,085,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SVM. EverSource Wealth Advisors LLC grew its position in shares of Silvercorp Metals by 163.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock valued at $40,000 after acquiring an additional 3,929 shares during the period. Banque Cantonale Vaudoise bought a new position in Silvercorp Metals during the third quarter valued at $57,000. TD Waterhouse Canada Inc. grew its holdings in Silvercorp Metals by 22.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock valued at $62,000 after purchasing an additional 1,374 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in Silvercorp Metals in the third quarter worth $67,000. Finally, Merit Financial Group LLC purchased a new stake in Silvercorp Metals in the third quarter worth $88,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Silvercorp Metals Stock Performance

Shares of NYSEAMERICAN SVM opened at $12.14 on Friday. Silvercorp Metals Inc. has a fifty-two week low of $3.48 and a fifty-two week high of $14.00. The stock has a market cap of $2.68 billion, a PE ratio of -173.40 and a beta of 1.09. The stock has a fifty day moving average of $11.48 and a 200-day moving average of $9.47.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Silvercorp Metals in a research report on Wednesday, January 14th. Roth Mkm reissued a “neutral” rating and issued a $12.50 price objective on shares of Silvercorp Metals in a report on Monday. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Silvercorp Metals in a report on Friday, January 16th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

About Silvercorp Metals

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.