Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Rating)'s share price gapped up before the market opened on Monday . The stock had previously closed at $2.93, but opened at $3.09. Silvercorp Metals shares last traded at $3.20, with a volume of 378,544 shares traded.
Wall Street Analyst Weigh In
Separately, Raymond James boosted their price objective on Silvercorp Metals from C$6.15 to C$6.50 in a research report on Friday, February 10th.
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The company has a market cap of $565.66 million, a PE ratio of 12.21 and a beta of 0.97.
Institutional Trading of Silvercorp Metals
A number of hedge funds and other institutional investors have recently bought and sold shares of SVM. JPMorgan Chase & Co. increased its stake in Silvercorp Metals by 18.0% in the 1st quarter. JPMorgan Chase & Co. now owns 322,602 shares of the company's stock worth $1,168,000 after acquiring an additional 49,325 shares during the last quarter. BlackRock Inc. grew its stake in Silvercorp Metals by 152.1% in the 1st quarter. BlackRock Inc. now owns 103,369 shares of the company's stock worth $374,000 after buying an additional 62,358 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of Silvercorp Metals by 58.5% in the 1st quarter. Cibc World Market Inc. now owns 30,920 shares of the company's stock worth $112,000 after buying an additional 11,415 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Silvercorp Metals by 24.2% during the 1st quarter. Mackenzie Financial Corp now owns 68,284 shares of the company's stock valued at $249,000 after buying an additional 13,319 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Silvercorp Metals by 7.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,068,096 shares of the company's stock worth $18,365,000 after acquiring an additional 333,365 shares during the last quarter. Institutional investors own 25.49% of the company's stock.
About Silvercorp Metals
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Silvercorp Metals, Inc is a mining company. It engages in the acquisition, exploration, development, and mining of mineral properties. The firm operates through the following segments: Mining, and Administrative. The Mining segment comprises of the operation in Henan Luoning, Hunan, Guangdong, and other.
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- Get a free copy of the StockNews.com research report on Silvercorp Metals (SVM)
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