Silvercorp Metals Inc. $SVM Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 11.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,498,383 shares of the company's stock after purchasing an additional 576,767 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.53% of Silvercorp Metals worth $21,203,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Cubist Systematic Strategies LLC increased its position in shares of Silvercorp Metals by 156.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 79,266 shares of the company's stock valued at $306,000 after purchasing an additional 48,413 shares during the last quarter. Royal Bank of Canada increased its position in shares of Silvercorp Metals by 31.6% during the 1st quarter. Royal Bank of Canada now owns 444,453 shares of the company's stock valued at $1,720,000 after purchasing an additional 106,813 shares during the last quarter. Quarry LP purchased a new stake in shares of Silvercorp Metals during the 1st quarter valued at $82,000. Vident Advisory LLC grew its stake in shares of Silvercorp Metals by 10.1% during the 1st quarter. Vident Advisory LLC now owns 259,431 shares of the company's stock worth $1,004,000 after acquiring an additional 23,816 shares during the period. Finally, Sprott Inc. grew its stake in shares of Silvercorp Metals by 39.1% during the 1st quarter. Sprott Inc. now owns 1,354,657 shares of the company's stock worth $5,230,000 after acquiring an additional 380,946 shares during the period. 22.30% of the stock is owned by hedge funds and other institutional investors.

Silvercorp Metals Stock Up 2.3%

NYSEAMERICAN SVM traded up $0.12 during midday trading on Friday, hitting $5.28. 8,392,218 shares of the company traded hands, compared to its average volume of 4,787,121. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.50. The company has a market cap of $1.15 billion, a PE ratio of 20.31 and a beta of 0.85. Silvercorp Metals Inc. has a 52 week low of $2.87 and a 52 week high of $5.47. The company's 50-day simple moving average is $4.71 and its 200-day simple moving average is $4.17.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Raymond James Financial reiterated an "outperform" rating on shares of Silvercorp Metals in a research note on Thursday, August 7th. Zacks Research downgraded Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 27th. Finally, Roth Capital restated a "buy" rating and issued a $6.75 target price (up previously from $6.25) on shares of Silvercorp Metals in a research note on Tuesday, July 1st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $6.75.

Silvercorp Metals Company 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.