Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Shares Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC raised its stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 96.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,122 shares of the company’s stock after purchasing an additional 15,807 shares during the period. Cubist Systematic Strategies LLC’s holdings in Silvercorp Metals were worth $107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp acquired a new stake in shares of Silvercorp Metals during the second quarter worth about $254,000. Toronto Dominion Bank increased its position in Silvercorp Metals by 56.3% during the second quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock worth $51,000 after buying an additional 5,435 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Silvercorp Metals in the second quarter valued at approximately $157,000. Renaissance Technologies LLC boosted its holdings in shares of Silvercorp Metals by 2.4% in the second quarter. Renaissance Technologies LLC now owns 4,636,096 shares of the company’s stock valued at $15,577,000 after acquiring an additional 110,200 shares during the period. Finally, Rathbones Group PLC grew its position in shares of Silvercorp Metals by 27.4% during the second quarter. Rathbones Group PLC now owns 17,140 shares of the company’s stock worth $57,000 after acquiring an additional 3,690 shares during the last quarter. Institutional investors and hedge funds 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 for the company in a research note on Wednesday, August 21st.

Silvercorp Metals Stock Performance

Shares of SVM stock opened at $4.87 on Wednesday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 18.02 and a beta of 1.35. Silvercorp Metals Inc. has a 52-week low of $2.08 and a 52-week high of $5.03.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Silvercorp Metals had a return on equity of 7.95% and a net margin of 21.57%. The business had revenue of $72.17 million for the quarter, compared to analyst estimates of $72.00 million. As a group, equities research analysts forecast that Silvercorp Metals Inc. will post 0.35 EPS for the current fiscal 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.