Silvercorp Metals (NYSEAMERICAN:SVM) Sees Large Volume Increase

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares saw an uptick in trading volume on Friday . 1,309,693 shares traded hands during mid-day trading, a decline of 27% from the previous session’s volume of 1,801,421 shares.The stock last traded at $3.32 and had previously closed at $3.55.

Wall Street Analyst Weigh In

Separately, Roth Mkm decreased their price target on shares of Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday.

Silvercorp Metals Stock Performance

The firm has a market cap of $586.90 million, a PE ratio of 19.47 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Silvercorp Metals had a net margin of 15.01% and a return on equity of 6.96%. The firm had revenue of $58.51 million during the quarter, compared to the consensus estimate of $55.10 million. As a group, equities analysts anticipate that Silvercorp Metals Inc. will post 0.2 EPS for the current year.

Hedge Funds Weigh In On Silvercorp Metals

Institutional investors have recently modified their holdings of the stock. PFG Investments LLC acquired a new stake in shares of Silvercorp Metals during the 1st quarter worth approximately $40,000. Evergreen Capital Management LLC acquired a new stake in shares of Silvercorp Metals during the 3rd quarter worth approximately $39,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Silvercorp Metals by 34.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock worth $44,000 after buying an additional 4,855 shares during the period. PEAK6 Investments LLC acquired a new stake in shares of Silvercorp Metals during the 3rd quarter worth approximately $46,000. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Silvercorp Metals by 77.3% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock worth $70,000 after buying an additional 11,546 shares during the period. 22.30% of the stock is owned by institutional investors.

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.