Toronto Dominion Bank Buys 5,435 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Toronto Dominion Bank lifted its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 56.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,094 shares of the company’s stock after purchasing an additional 5,435 shares during the quarter. Toronto Dominion Bank’s holdings in Silvercorp Metals were worth $51,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SVM. Tidal Investments LLC acquired a new stake in shares of Silvercorp Metals in the 1st quarter worth about $17,619,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Silvercorp Metals by 4.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,670,682 shares of the company’s stock worth $15,226,000 after purchasing an additional 199,916 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Silvercorp Metals by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 4,636,096 shares of the company’s stock worth $15,577,000 after purchasing an additional 110,200 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Silvercorp Metals by 1,218.7% in the second quarter. Acadian Asset Management LLC now owns 1,354,921 shares of the company’s stock worth $4,520,000 after purchasing an additional 1,252,174 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Silvercorp Metals by 0.8% in the second quarter. American Century Companies Inc. now owns 1,125,635 shares of the company’s stock valued at $3,768,000 after purchasing an additional 9,300 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Silvercorp Metals Stock Performance

SVM stock opened at $4.39 on Wednesday. The firm has a market capitalization of $951.62 million, a price-to-earnings ratio of 21.95 and a beta of 1.34. Silvercorp Metals Inc. has a 1-year low of $2.08 and a 1-year high of $4.68.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Silvercorp Metals had a net margin of 21.57% and a return on equity of 7.95%. The business had revenue of $72.17 million for the quarter, compared to analyst estimates of $72.00 million. As a group, research analysts predict that Silvercorp Metals Inc. will post 0.33 earnings per share for the current year.

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.