UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases New Holdings in Silvercorp Metals Inc. $SVM

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 125,959 shares of the company’s stock, valued at approximately $1,272,000.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of Silvercorp Metals by 18.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock valued at $63,000 after buying an additional 1,170 shares during the period. Parvin Asset Management LLC raised its holdings in shares of Silvercorp Metals by 0.6% in the first quarter. Parvin Asset Management LLC now owns 205,225 shares of the company’s stock worth $2,204,000 after buying an additional 1,175 shares during the period. DGS Capital Management LLC raised its holdings in shares of Silvercorp Metals by 14.6% in the fourth quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock worth $216,000 after buying an additional 3,301 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. lifted its stake in shares of Silvercorp Metals by 4.2% during the 2nd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 91,700 shares of the company’s stock worth $925,000 after acquiring an additional 3,700 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Silvercorp Metals during the 2nd quarter worth approximately $47,000. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Stock Performance

Silvercorp Metals stock opened at $11.91 on Friday. The company has a 50 day moving average price of $11.04 and a 200-day moving average price of $11.52. 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 Inc. has a fifty-two week low of $5.00 and a fifty-two week high of $15.77. The company has a market capitalization of $2.63 billion, a PE ratio of 99.26 and a beta of 1.22.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $138.67 million for the quarter, compared to analysts’ expectations of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.During the same quarter in the prior year, the firm earned $0.08 earnings per share. As a group, equities analysts forecast that Silvercorp Metals Inc. will post 0.67 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Jefferies Financial Group raised Silvercorp Metals to a “buy” rating in a research report on Monday, June 15th. Roth Capital reiterated 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. Finally, Zacks Research lowered shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.75.

Silvercorp Metals Profile

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, exploration, development and operation of precious- and base-metal properties. Its primary products include silver, lead and zinc, with gold also produced or contained in certain deposits.

The company has historically operated mines in China, including the Ying Mining District in Henan province, the GC mine in Guangdong province and the BYP gold-lead-zinc mine. Silvercorp’s activities have included underground mining, mineral processing and exploration aimed at extending mine life and expanding its resource base.

Silvercorp has also expanded its international portfolio through projects in Ecuador, including the El Domo-Curipamba project and the Condor gold project.