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U S Global Investors Inc. Sells 1,312,671 Shares of Silvercorp Metals Inc. $SVM

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Key Points

  • U S Global Investors sold 1,312,671 shares of Silvercorp in Q4, reducing its stake by 84.0% to 250,000 shares worth about $2.085 million.
  • Other institutions increased or initiated positions—Tidal (+24.2% to ~10.97M shares), MIRAE (+38.4% to ~9.14M), and Baillie Gifford opened a new ~<$35.25M> stake—with institutional ownership totaling ~22.3%.
  • Silvercorp (NYSEAMERICAN:SVM) opened at $12.14, trading down ~3%, with a market cap of $2.68B and a 12‑month range of $3.48–$14.00; analysts' consensus is a Moderate Buy with an average target of $10.00.
  • MarketBeat previews top five stocks to own in May.

U S Global Investors Inc. lowered its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 84.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 250,000 shares of the company's stock after selling 1,312,671 shares during the period. U S Global Investors Inc. owned approximately 0.11% of Silvercorp Metals worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SVM. Tidal Investments LLC grew its stake in shares of Silvercorp Metals by 24.2% in the 3rd quarter. Tidal Investments LLC now owns 10,966,184 shares of the company's stock valued at $69,306,000 after buying an additional 2,138,301 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Silvercorp Metals by 38.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company's stock worth $57,665,000 after buying an additional 2,534,155 shares during the period. Baillie Gifford & Co. bought a new position in Silvercorp Metals in the fourth quarter worth approximately $35,248,000. Alps Advisors Inc. grew its stake in Silvercorp Metals by 111.9% in the third quarter. Alps Advisors Inc. now owns 2,552,762 shares of the company's stock valued at $16,133,000 after acquiring an additional 1,347,819 shares during the period. Finally, Voloridge Investment Management LLC acquired a new stake in Silvercorp Metals in the third quarter valued at approximately $8,962,000. Institutional investors and hedge funds own 22.30% of the company's stock.

Silvercorp Metals Trading Down 3.0%

NYSEAMERICAN SVM opened at $12.14 on Friday. The business has a fifty day simple moving average of $11.48 and a 200 day simple moving average of $9.47. Silvercorp Metals Inc. has a 12 month low of $3.48 and a 12 month high of $14.00. The firm has a market capitalization of $2.68 billion, a P/E ratio of -173.40 and a beta of 1.09.

Analysts Set New Price Targets

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

View Our Latest Report on Silvercorp Metals

About Silvercorp Metals

(Free Report)

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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Institutional Ownership by Quarter for Silvercorp Metals (NYSEAMERICAN:SVM)

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