Signaturefd LLC Has $57,000 Holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Signaturefd LLC grew its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 54.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,112 shares of the company’s stock after purchasing an additional 4,635 shares during the quarter. Signaturefd LLC’s holdings in Silvercorp Metals were worth $57,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Tidal Investments LLC bought a new stake in Silvercorp Metals in the 1st quarter valued at $17,619,000. Acadian Asset Management LLC boosted its position 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 valued at $4,520,000 after acquiring an additional 1,252,174 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake 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 acquiring an additional 199,916 shares in the last quarter. TD Asset Management Inc bought a new position in Silvercorp Metals during the second quarter worth about $568,000. Finally, Renaissance Technologies LLC raised its stake in Silvercorp Metals by 2.4% in 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. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Stock Up 2.0 %

Shares of NYSEAMERICAN SVM opened at $4.98 on Wednesday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 18.45 and a beta of 1.35. Silvercorp Metals Inc. has a fifty-two week low of $2.08 and a fifty-two week high of $5.32.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Silvercorp Metals had a net margin of 21.57% and a return on equity of 7.95%. The firm had revenue of $72.17 million for the quarter, compared to the consensus estimate of $72.00 million. As a group, equities research analysts forecast that Silvercorp Metals Inc. will post 0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.