International Assets Investment Management LLC Takes Position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

International Assets Investment Management LLC bought a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,497 shares of the company’s stock, valued at approximately $46,000.

A number of other institutional investors have also recently bought and sold shares of SVM. Blue Trust Inc. increased its holdings in shares of Silvercorp Metals by 563.7% in the third quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock valued at $29,000 after purchasing an additional 5,626 shares during the last quarter. First Heartland Consultants Inc. acquired a new position in Silvercorp Metals in the 2nd quarter valued at about $34,000. Toronto Dominion Bank grew its stake in Silvercorp Metals by 56.3% in the 2nd quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock valued at $51,000 after buying an additional 5,435 shares during the last quarter. Rathbones Group PLC increased its stake in shares of Silvercorp Metals by 27.4% during the second quarter. Rathbones Group PLC now owns 17,140 shares of the company’s stock worth $57,000 after purchasing an additional 3,690 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Silvercorp Metals by 54.7% in the third quarter. Signaturefd LLC now owns 13,112 shares of the company’s stock valued at $57,000 after acquiring an additional 4,635 shares during the period. Institutional investors and hedge funds own 22.30% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm decreased their price target on Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating on the stock in a research report on Wednesday, August 21st.

Silvercorp Metals Trading Up 3.3 %

Shares of Silvercorp Metals stock opened at $4.59 on Friday. The company has a market capitalization of $994.62 million, a price-to-earnings ratio of 16.98 and a beta of 1.33. Silvercorp Metals Inc. has a fifty-two week low of $2.08 and a fifty-two week high of $5.32.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $72.17 million for the quarter, compared to the consensus estimate of $72.00 million. Silvercorp Metals had a return on equity of 7.95% and a net margin of 21.57%. Equities analysts anticipate that Silvercorp Metals Inc. will post 0.34 EPS for the current fiscal year.

Silvercorp Metals Company Profile

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.