Tudor Investment Corp ET AL Purchases Shares of 1,352,344 Silvercorp Metals Inc. $SVM

Key Points

• Tudor Investment Corp ET AL bought a new stake of 1,352,344 shares of Silvercorp Metals in Q3 (≈$8.55M), representing roughly 0.61% of the company, while other institutions — notably Tidal Investments and Voloridge — also added positions, leaving about 22.3% of the stock owned by hedge funds and institutional investors.
• SVM opened at $11.10 with a 52‑week range of $3.15–$14.00 and a market cap of $2.45B (negative P/E); analysts give the stock an average rating of “Moderate Buy” with an average target of $9.25 and recent reaffirmations from BMO and Raymond James.

Tudor Investment Corp ET AL purchased a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,352,344 shares of the company's stock, valued at approximately $8,547,000. Tudor Investment Corp ET AL owned about 0.61% of Silvercorp Metals as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co boosted its holdings in Silvercorp Metals by 111.4% in the third quarter. CANADA LIFE ASSURANCE Co now owns 211,012 shares of the company's stock valued at $1,315,000 after purchasing an additional 111,203 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in Silvercorp Metals in the third quarter valued at $8,962,000. Tidal Investments LLC boosted its holdings in Silvercorp Metals by 24.2% in the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company's stock valued at $69,306,000 after purchasing an additional 2,138,301 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Silvercorp Metals in the third quarter valued at $1,263,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Silvercorp Metals by 99.5% in the third quarter. Public Employees Retirement System of Ohio now owns 154,986 shares of the company's stock valued at $978,000 after purchasing an additional 77,303 shares during the last quarter. 22.30% of the stock is owned by hedge funds and other institutional investors.

Silvercorp Metals Stock Up 1.0%

SVM stock opened at $11.10 on Tuesday. The company's 50-day simple moving average is $11.20 and its 200-day simple moving average is $8.98. Silvercorp Metals Inc. has a 52-week low of $3.15 and a 52-week high of $14.00. The firm has a market cap of $2.45 billion, a P/E ratio of -158.55 and a beta of 1.09.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BMO Capital Markets reaffirmed an "outperform" rating on shares of Silvercorp Metals in a report on Friday, January 16th. Raymond James Financial reaffirmed an "outperform" rating on shares of Silvercorp Metals in a report on Wednesday, January 14th. Finally, Roth Mkm set a $11.00 target price on shares of Silvercorp Metals in a research note on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $9.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.