Man Group plc Purchases New Holdings in Silvercorp Metals Inc. $SVM

Key Points

• Man Group plc acquired 431,140 shares of Silvercorp Metals in the second quarter, worth approximately $4.36 million and representing 0.19% of the company. Institutional investors collectively own 22.30% of SVM.
• Analyst sentiment remains positive, with six Buy ratings and one Hold rating. Silvercorp has a consensus rating of “Moderate Buy” and an average price target of $10.75, while Roth Capital raised its target to $14.00.
• Silvercorp reported quarterly earnings of $0.21 per share, in line with estimates, on revenue of $138.67 million. Shares opened at $12.77, compared with a 52-week range of $4.58 to $15.77.

Man Group plc acquired a new position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 431,140 shares of the company's stock, valued at approximately $4,355,000. Man Group plc owned 0.19% of Silvercorp Metals as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Silvercorp Metals by 18.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company's stock valued at $63,000 after purchasing an additional 1,170 shares during the period. Parvin Asset Management LLC boosted its position in shares of Silvercorp Metals by 0.6% in the first quarter. Parvin Asset Management LLC now owns 205,225 shares of the company's stock worth $2,204,000 after buying an additional 1,175 shares during the period. DGS Capital Management LLC boosted its position in shares of Silvercorp Metals by 14.6% in the fourth quarter. DGS Capital Management LLC now owns 25,941 shares of the company's stock worth $216,000 after buying an additional 3,301 shares during the period. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its holdings in shares of Silvercorp Metals by 4.2% during the second quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 91,700 shares of the company's stock valued at $925,000 after buying an additional 3,700 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Silvercorp Metals during the second quarter valued at $47,000. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Roth Capital reissued a "buy" rating and set a $14.00 price target (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th. Zacks Research cut Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 20th. Finally, Jefferies Financial Group raised Silvercorp Metals to a "buy" rating in a research note on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Silvercorp Metals currently has an average rating of "Moderate Buy" and a consensus price target of $10.75.

Silvercorp Metals Price Performance

Shares of NYSEAMERICAN:SVM opened at $12.77 on Monday. The company has a current ratio of 3.51, a quick ratio of 3.46 and a debt-to-equity ratio of 0.10. Silvercorp Metals Inc. has a 1 year low of $4.58 and a 1 year high of $15.77. The business has a fifty day simple moving average of $10.66 and a 200 day simple moving average of $11.42. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 106.43 and a beta of 1.15.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.21 EPS for the quarter, meeting analysts' consensus estimates 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 in the previous year, the company posted $0.08 earnings per share. As a group, sell-side analysts predict that Silvercorp Metals Inc. will post 0.66 earnings per share for the current fiscal year.

About Silvercorp Metals

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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