MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 576,767 Shares of Silvercorp Metals Inc. $SVM

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 11.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,498,383 shares of the company's stock after acquiring an additional 576,767 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 2.53% of Silvercorp Metals worth $21,203,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SVM. First Heartland Consultants Inc. acquired a new stake in Silvercorp Metals in the fourth quarter valued at approximately $30,000. PNC Financial Services Group Inc. acquired a new stake in Silvercorp Metals in the first quarter valued at approximately $39,000. Welch Group LLC acquired a new stake in Silvercorp Metals in the first quarter valued at approximately $44,000. Baader Bank Aktiengesellschaft acquired a new stake in Silvercorp Metals in the first quarter valued at approximately $46,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Silvercorp Metals in the fourth quarter valued at approximately $63,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Stock Performance

NYSEAMERICAN SVM traded up $0.12 during midday trading on Friday, hitting $5.28. The company had a trading volume of 8,392,218 shares, compared to its average volume of 4,787,121. The company has a quick ratio of 4.50, a current ratio of 4.61 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 20.31 and a beta of 0.85. The firm has a fifty day simple moving average of $4.71 and a two-hundred day simple moving average of $4.16. Silvercorp Metals Inc. has a fifty-two week low of $2.87 and a fifty-two week high of $5.47.

Wall Street Analyst Weigh In

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