First Heartland Consultants Inc. Acquires Shares of 10,000 Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

First Heartland Consultants Inc. acquired a new stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,000 shares of the company’s stock, valued at approximately $34,000.

Other large investors have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd increased its holdings in Silvercorp Metals by 77.3% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock worth $70,000 after acquiring an additional 11,546 shares during the last quarter. PFG Investments LLC purchased a new stake in Silvercorp Metals in the 1st quarter worth about $40,000. Williams & Novak LLC purchased a new stake in Silvercorp Metals in the 2nd quarter worth about $61,000. Sprott Inc. increased its holdings in Silvercorp Metals by 4.7% in the 4th quarter. Sprott Inc. now owns 994,445 shares of the company’s stock worth $2,595,000 after acquiring an additional 44,754 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Silvercorp Metals in the 4th quarter worth about $119,000. 22.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Silvercorp Metals Stock Up 1.0 %

NYSEAMERICAN:SVM opened at $3.90 on Tuesday. The company has a market capitalization of $844.31 million, a P/E ratio of 19.50 and a beta of 1.26. Silvercorp Metals Inc. has a 1-year low of $2.08 and a 1-year high of $4.39.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share 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, equities analysts forecast that Silvercorp Metals Inc. will post 0.23 EPS for the current fiscal 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.