Legal & General Group Plc Invests $2.07 Million in Silvercorp Metals Inc. $SVM

Legal & General Group Plc acquired a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the 2nd quarter, HoldingsChannel reports. The fund acquired 204,546 shares of the company’s stock, valued at approximately $2,070,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State of Wyoming bought a new position in Silvercorp Metals in the 2nd quarter worth $47,000. Banque Cantonale Vaudoise bought a new stake in Silvercorp Metals during the first quarter valued at about $69,000. Employees Retirement System of Texas bought a new stake in Silvercorp Metals during the fourth quarter valued at about $61,000. Leonteq Securities AG acquired a new stake in shares of Silvercorp Metals in the first quarter valued at about $79,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Silvercorp Metals by 18.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock valued at $63,000 after purchasing an additional 1,170 shares during the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Price Performance

NYSEAMERICAN SVM opened at $12.48 on Monday. Silvercorp Metals Inc. has a twelve month low of $4.81 and a twelve month high of $15.77. The stock has a market cap of $2.76 billion, a PE ratio of 104.01 and a beta of 1.22. The firm has a 50-day simple moving average of $10.84 and a 200 day simple moving average of $11.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.46 and a current ratio of 3.51.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.The firm had revenue of $138.67 million during the quarter, compared to analysts’ expectations of $138.70 million. During the same quarter in the prior year, the firm posted $0.08 EPS. On average, research analysts forecast that Silvercorp Metals Inc. will post 0.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SVM shares. Jefferies Financial Group upgraded Silvercorp Metals to a “buy” rating in a research note on Monday, June 15th. Zacks Research downgraded shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Roth Capital reaffirmed a “buy” rating and set a $14.00 target price (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Silvercorp Metals presently has an average rating of “Moderate Buy” and a consensus price target of $10.75.

Silvercorp Metals 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.