BlackRock Inc. Invests $42.56 Million in Silvercorp Metals Inc. $SVM

Key Points

• BlackRock purchased 4.21 million Silvercorp Metals shares worth approximately $42.56 million, representing about 1.91% of the company. Institutional investors collectively own 22.3% of SVM.
• Silvercorp reported quarterly EPS of $0.21, in line with estimates, and revenue of $138.67 million. The company posted an 18.34% return on equity and analysts forecast full-year EPS of $0.66.
• Analyst sentiment remains positive, with six Buy ratings and one Hold rating producing a “Moderate Buy” consensus, although the $10.75 average price target is below the stock’s reported $12.44 price.

BlackRock Inc. purchased a new stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,214,301 shares of the company's stock, valued at approximately $42,564,000. BlackRock Inc. owned approximately 1.91% of Silvercorp Metals at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Tidal Investments LLC boosted its stake in Silvercorp Metals by 24.2% during the 3rd quarter. Tidal Investments LLC now owns 10,966,184 shares of the company's stock valued at $69,306,000 after purchasing an additional 2,138,301 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Silvercorp Metals by 238.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company's stock worth $77,244,000 after buying an additional 6,511,389 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Silvercorp Metals by 38.4% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company's stock worth $57,665,000 after buying an additional 2,534,155 shares during the last quarter. Van ECK Associates Corp raised its position in Silvercorp Metals by 29.6% in the 4th quarter. Van ECK Associates Corp now owns 6,845,803 shares of the company's stock worth $57,097,000 after buying an additional 1,562,525 shares during the last quarter. Finally, Alps Advisors Inc. lifted its stake in Silvercorp Metals by 47.6% during the 4th quarter. Alps Advisors Inc. now owns 3,767,118 shares of the company's stock valued at $31,418,000 after acquiring an additional 1,214,356 shares during the period. Hedge funds and other institutional investors own 22.30% of the company's stock.

Silvercorp Metals Stock Performance

NYSEAMERICAN:SVM opened at $12.44 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.46 and a current ratio of 3.51. The stock has a 50-day simple moving average of $10.68 and a two-hundred day simple moving average of $11.43. The firm has a market capitalization of $2.75 billion, a PE ratio of 103.68 and a beta of 1.15. Silvercorp Metals Inc. has a 52-week low of $4.58 and a 52-week high of $15.77.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.The firm had revenue of $138.67 million for the quarter, compared to the consensus estimate of $138.70 million. During the same quarter last year, the company earned $0.08 earnings per share. Analysts forecast that Silvercorp Metals Inc. will post 0.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SVM shares. Zacks Research downgraded shares of Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Roth Capital restated a "buy" rating and set a $14.00 price objective (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th. Finally, Jefferies Financial Group upgraded shares of Silvercorp Metals to a "buy" rating in a research report on Monday, June 15th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $10.75.

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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