TD Asset Management Inc Invests $568,000 in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

TD Asset Management Inc acquired a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 169,659 shares of the company’s stock, valued at approximately $568,000. TD Asset Management Inc owned 0.10% of Silvercorp Metals as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SVM. Dynamic Technology Lab Private Ltd grew its holdings in Silvercorp Metals by 77.3% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock valued at $70,000 after purchasing an additional 11,546 shares during the last quarter. Sprott Inc. lifted its holdings in shares of Silvercorp Metals by 4.7% in the fourth quarter. Sprott Inc. now owns 994,445 shares of the company’s stock valued at $2,595,000 after purchasing an additional 44,754 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Silvercorp Metals by 4.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,670,682 shares of the company’s stock valued at $15,226,000 after purchasing an additional 199,916 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Silvercorp Metals during the 1st quarter worth approximately $17,619,000. Finally, Virtu Financial LLC acquired a new position in shares of Silvercorp Metals during the 1st quarter worth approximately $206,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Silvercorp Metals Price Performance

SVM opened at $4.11 on Monday. Silvercorp Metals Inc. has a 1 year low of $2.08 and a 1 year high of $4.39. The company has a market cap of $890.92 million, a P/E ratio of 20.55 and a beta of 1.34.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. Silvercorp Metals had a return on equity of 7.95% and a net margin of 21.57%. The firm had revenue of $72.17 million during the quarter, compared to the consensus estimate of $72.00 million. On average, analysts expect that Silvercorp Metals Inc. will post 0.23 earnings per share for the current year.

Silvercorp Metals 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.