Pictet Asset Management Holding SA Grows Stock Holdings in Silvercorp Metals Inc. $SVM

Key Points

• Pictet Asset Management boosted its stake in Silvercorp Metals by 349.4% in Q4, buying 114,128 shares to hold 146,793 shares worth $1.23 million (about 0.07% of the company).
• Analysts have a consensus rating of "Moderate Buy" (four Buys, two Holds) with a consensus target price of $10.00.
• Silvercorp stock opened at $12.04, trades in a 52‑week range of $3.50–$14.00, has a market cap of $2.66 billion and a negative trailing P/E of -171.98.

Pictet Asset Management Holding SA increased its position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 349.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,793 shares of the company's stock after purchasing an additional 114,128 shares during the period. Pictet Asset Management Holding SA owned 0.07% of Silvercorp Metals worth $1,229,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SVM. TD Waterhouse Canada Inc. lifted its holdings in Silvercorp Metals by 22.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company's stock worth $62,000 after buying an additional 1,374 shares during the last quarter. First Heartland Consultants Inc. increased its holdings in shares of Silvercorp Metals by 25.6% in the 4th quarter. First Heartland Consultants Inc. now owns 14,448 shares of the company's stock valued at $120,000 after acquiring an additional 2,948 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Silvercorp Metals by 14.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,524 shares of the company's stock valued at $187,000 after acquiring an additional 3,745 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Silvercorp Metals by 163.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company's stock worth $40,000 after acquiring an additional 3,929 shares in the last quarter. Finally, Sprott Inc. lifted its stake in Silvercorp Metals by 0.4% during the third quarter. Sprott Inc. now owns 1,301,082 shares of the company's stock worth $8,212,000 after purchasing an additional 4,732 shares during the last quarter. Hedge funds and other institutional investors own 22.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Roth Mkm reiterated a "neutral" rating and issued a $12.50 price target on shares of Silvercorp Metals in a research note on Monday, April 20th. Raymond James Financial restated an "outperform" rating on shares of Silvercorp Metals in a report on Wednesday, January 14th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Silvercorp Metals in a research report on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $10.00.

Silvercorp Metals Stock Performance

Silvercorp Metals stock opened at $12.04 on Wednesday. Silvercorp Metals Inc. has a fifty-two week low of $3.50 and a fifty-two week high of $14.00. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -171.98 and a beta of 1.08. The stock has a fifty day moving average of $11.60 and a two-hundred day moving average of $9.71.

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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