Legal & General Group Plc Makes New Investment in Silvercorp Metals Inc. $SVM

Key Points

• Legal & General Group Plc acquired 204,546 Silvercorp Metals shares worth approximately $2.07 million, giving it a 0.09% stake. Institutional investors collectively own 22.30% of the company.
• Analysts remain broadly positive, with six Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of $10.75; Roth Capital raised its target to $14.00.
• Silvercorp reported quarterly earnings of $0.21 per share, matching estimates, while revenue reached $138.67 million. The stock opened at $12.48 and has traded between $4.81 and $15.77 over the past year.

Legal & General Group Plc bought a new position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 204,546 shares of the company's stock, valued at approximately $2,070,000. Legal & General Group Plc owned 0.09% of Silvercorp Metals at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Tidal Investments LLC boosted its position in shares of Silvercorp Metals by 24.2% in the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company's stock worth $69,306,000 after buying an additional 2,138,301 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Silvercorp Metals by 238.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company's stock valued at $77,244,000 after purchasing an additional 6,511,389 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Silvercorp Metals by 38.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company's stock valued at $57,665,000 after buying an additional 2,534,155 shares during the period. Van ECK Associates Corp grew its holdings in shares of Silvercorp Metals by 29.6% during the 4th quarter. Van ECK Associates Corp now owns 6,845,803 shares of the company's stock valued at $57,097,000 after acquiring an additional 1,562,525 shares in the last quarter. Finally, BlackRock Inc. acquired a new position in shares of Silvercorp Metals in the second quarter worth $42,564,000. Institutional investors and hedge funds own 22.30% of the company's stock.

Analyst Ratings Changes

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

Silvercorp Metals Stock Performance

Silvercorp Metals stock opened at $12.48 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.51 and a quick ratio of 3.46. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 104.01 and a beta of 1.22. Silvercorp Metals Inc. has a one year low of $4.81 and a one year high of $15.77. The company's fifty day moving average price is $10.84 and its two-hundred day moving average price is $11.48.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.21 earnings per share for the quarter, hitting analysts' consensus estimates of $0.21. The company had revenue of $138.67 million during the quarter, compared to analysts' expectations of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.During the same quarter in the previous year, the firm earned $0.08 earnings per share. On average, analysts forecast that Silvercorp Metals Inc. will post 0.66 earnings per share for the current fiscal year.

Silvercorp Metals Company 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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