Nuveen LLC Takes $628,000 Position in Silvercorp Metals Inc. $SVM

Key Points

• Nuveen LLC has invested approximately $628,000 in Silvercorp Metals Inc., acquiring 162,896 shares, which represents 0.07% of the company.
• Several institutional investors, including TD Asset Management and Mackenzie Financial, have recently increased their stakes, with 22.30% of the company's stock currently owned by institutional investors.
• Silvercorp Metals has a current market capitalization of $1.11 billion, and shares are currently rated as a "Moderate Buy" with an average target price of $6.75.

Nuveen LLC bought a new position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 162,896 shares of the company's stock, valued at approximately $628,000. Nuveen LLC owned about 0.07% of Silvercorp Metals as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Heartland Consultants Inc. bought a new position in shares of Silvercorp Metals during the 4th quarter worth approximately $30,000. PNC Financial Services Group Inc. bought a new position in shares of Silvercorp Metals in the first quarter worth about $39,000. Welch Group LLC purchased a new stake in shares of Silvercorp Metals in the first quarter worth approximately $44,000. Baader Bank Aktiengesellschaft purchased a new position in Silvercorp Metals during the 1st quarter worth $46,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Silvercorp Metals during the first quarter worth approximately $72,000. 22.30% of the stock is owned by institutional investors.

Silvercorp Metals Stock Up 0.5%

NYSEAMERICAN SVM traded up $0.03 during trading on Monday, reaching $4.95. 4,613,787 shares of the company's stock traded hands, compared to its average volume of 5,831,392. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 19.02 and a beta of 0.85. Silvercorp Metals Inc. has a 12-month low of $2.87 and a 12-month high of $5.32. The company's 50 day simple moving average is $4.66 and its two-hundred day simple moving average is $4.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.50.

Analyst Upgrades and Downgrades

SVM has been the subject of a number of recent analyst reports. Roth Capital restated a "buy" rating and issued a $6.75 price objective (up previously from $6.25) on shares of Silvercorp Metals in a research report on Tuesday, July 1st. Raymond James Financial reissued an "outperform" rating on shares of Silvercorp Metals in a report on Thursday, August 7th. Finally, Zacks Research cut shares of Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Two 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.com, Silvercorp Metals has an average rating of "Moderate Buy" and an average target price of $6.75.

About Silvercorp Metals

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.