Baillie Gifford & Co. Acquires New Position in Silvercorp Metals Inc. $SVM

Key Points

• Baillie Gifford & Co. acquired a new stake of 4,221,271 shares in Silvercorp Metals, valued at approximately $35.25 million, representing about 1.91% of the company at quarter-end.
• Institutional ownership is about 22.30%, with notable holders and recent increases including Sprott Inc. (1,301,082 shares) and additions by Vanguard, TD Asset Management, and First Heartland.
• Silvercorp has a market capitalization of $2.60 billion, a 52‑week range of $3.48–$14.00, and a consensus analyst rating of Moderate Buy with an average target of $9.25.

Baillie Gifford & Co. acquired a new stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,221,271 shares of the company's stock, valued at approximately $35,248,000. Baillie Gifford & Co. owned approximately 1.91% of Silvercorp Metals at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. First Heartland Consultants Inc. raised its holdings in shares of Silvercorp Metals by 25.6% during the 4th quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company's stock valued at $120,000 after buying an additional 2,948 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Silvercorp Metals by 14.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,524 shares of the company's stock valued at $187,000 after buying an additional 3,745 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Silvercorp Metals by 163.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company's stock valued at $40,000 after buying an additional 3,929 shares in the last quarter. Sprott Inc. raised its holdings in shares of Silvercorp Metals by 0.4% during the 3rd quarter. Sprott Inc. now owns 1,301,082 shares of the company's stock valued at $8,212,000 after buying an additional 4,732 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Silvercorp Metals by 2.0% during the 3rd quarter. TD Asset Management Inc now owns 264,864 shares of the company's stock valued at $1,671,000 after buying an additional 5,156 shares in the last quarter. 22.30% of the stock is owned by hedge funds and other institutional investors.

Silvercorp Metals Price Performance

Shares of Silvercorp Metals stock opened at $11.79 on Tuesday. The business's 50 day simple moving average is $11.18 and its two-hundred day simple moving average is $9.17. The stock has a market capitalization of $2.60 billion, a P/E ratio of -168.40 and a beta of 1.09. Silvercorp Metals Inc. has a one year low of $3.48 and a one year high of $14.00.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SVM shares. BMO Capital Markets reissued an "outperform" rating on shares of Silvercorp Metals in a report on Friday, January 16th. Raymond James Financial reissued an "outperform" rating on shares of Silvercorp Metals in a report on Wednesday, January 14th. Finally, Roth Mkm set a $11.00 price objective on Silvercorp Metals in a report on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $9.25.

Silvercorp Metals Profile

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company's core operations are located in the provinces of Henan and Guangxi in the People's Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.

The company's principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.

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