Sava Infond d.o.o. Buys New Shares in Silvercorp Metals Inc. $SVM

Key Points

• Sava Infond d.o.o. bought 325,000 shares ($2.71M) of Silvercorp Metals in Q4, ending the quarter with roughly 0.15% ownership of the company.
• Several institutions including Royal Bank of Canada, Goldman Sachs, Jane Street and Geode increased or initiated positions, leaving institutional investors with about 22.30% ownership of SVM.
• SVM opened at $12.51 and trades above its 50-day ($11.51) and 200-day ($9.50) moving averages with a one-year range of $3.48–$14.00 and a $2.76B market cap; the stock has a negative P/E (-178.69) and a consensus rating of Moderate Buy with a $10.00 target.

Sava Infond d.o.o. bought a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 325,000 shares of the company's stock, valued at approximately $2,710,000. Sava Infond d.o.o. owned approximately 0.15% of Silvercorp Metals at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SVM. Royal Bank of Canada grew its stake in shares of Silvercorp Metals by 31.6% in the first quarter. Royal Bank of Canada now owns 444,453 shares of the company's stock valued at $1,720,000 after buying an additional 106,813 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Silvercorp Metals in the first quarter valued at $97,000. Goldman Sachs Group Inc. grew its stake in shares of Silvercorp Metals by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company's stock valued at $3,273,000 after buying an additional 28,803 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Silvercorp Metals by 91.4% in the first quarter. Jane Street Group LLC now owns 102,296 shares of the company's stock valued at $396,000 after buying an additional 48,854 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Silvercorp Metals by 5.7% in the second quarter. Geode Capital Management LLC now owns 123,058 shares of the company's stock valued at $519,000 after buying an additional 6,637 shares in the last quarter. 22.30% of the stock is owned by institutional investors.

Silvercorp Metals Price Performance

SVM stock opened at $12.51 on Friday. The company has a fifty day moving average price of $11.51 and a two-hundred day moving average price of $9.50. Silvercorp Metals Inc. has a one year low of $3.48 and a one year high of $14.00. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of -178.69 and a beta of 1.09.

Wall Street Analysts Forecast Growth

SVM has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed an "outperform" rating on shares of Silvercorp Metals in a research report on Friday, January 16th. Raymond James Financial reaffirmed an "outperform" rating on shares of Silvercorp Metals in a research report on Wednesday, January 14th. Finally, Roth Mkm reaffirmed a "neutral" rating and set a $12.50 price objective on shares of Silvercorp Metals in a research report on Monday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $10.00.

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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