Stonehage Fleming Financial Services Holdings Ltd Has $910,000 Position in Silvercorp Metals Inc. $SVM

Key Points

• Stonehage Fleming Financial Services Holdings Ltd increased its stake in Silvercorp Metals Inc. by 163.3% in Q2, now holding approximately 215,204 shares worth $910,000.
• Analysts are optimistic about Silvercorp Metals, with a current average rating of "Moderate Buy" and a price target of $7.88, indicating potential growth for investors.
• Silvercorp Metals' stock has seen significant movement, with a market cap of $1.45 billion and trading between a 1-year low of $2.87 and a high of $7.50.

Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 163.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 215,204 shares of the company's stock after buying an additional 133,474 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd owned about 0.10% of Silvercorp Metals worth $910,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SVM. PNC Financial Services Group Inc. bought a new position in shares of Silvercorp Metals in the first quarter valued at about $39,000. Baader Bank Aktiengesellschaft bought a new position in shares of Silvercorp Metals in the first quarter valued at about $46,000. Ballentine Partners LLC bought a new position in shares of Silvercorp Metals in the second quarter valued at about $50,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Silvercorp Metals in the first quarter valued at about $72,000. Finally, Sowell Financial Services LLC bought a new position in shares of Silvercorp Metals in the first quarter valued at about $77,000. 22.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on SVM. Roth Capital set a $8.25 price target on Silvercorp Metals and gave the company a "buy" rating in a report on Friday, October 3rd. Cantor Fitzgerald set a $7.50 price objective on Silvercorp Metals and gave the stock an "overweight" rating in a research report on Monday, September 22nd. Zacks Research cut Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Cormark raised Silvercorp Metals to a "moderate buy" rating in a report on Thursday, September 25th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Silvercorp Metals in a report on Friday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $7.88.

Silvercorp Metals Stock Performance

Shares of NYSEAMERICAN:SVM opened at $6.64 on Friday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 25.54 and a beta of 0.86. Silvercorp Metals Inc. has a 1-year low of $2.87 and a 1-year high of $7.50. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $5.31 and a two-hundred day moving average price of $4.50.

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.

Want to see what other hedge funds are holding SVM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.