UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes Position in Silvercorp Metals Inc. $SVM

Key Points

• UBS Asset Management initiated a position in Silvercorp Metals during the second quarter, purchasing 125,959 shares valued at approximately $1.27 million, or about 0.06% of the company.
• Institutional interest remains notable, with hedge funds and other institutional investors collectively owning 22.30% of Silvercorp Metals; several firms increased or initiated positions recently.
• Analyst sentiment is generally positive, with six Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $10.75. Shares opened at $11.91, while quarterly earnings of $0.21 per share matched estimates.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 125,959 shares of the company's stock, valued at approximately $1,272,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.06% of Silvercorp Metals as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. U S Global Investors Inc. boosted its holdings in shares of Silvercorp Metals by 147.1% during the 1st quarter. U S Global Investors Inc. now owns 617,663 shares of the company's stock valued at $6,634,000 after purchasing an additional 367,663 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Silvercorp Metals by 14.1% in the first quarter. Renaissance Technologies LLC now owns 2,812,396 shares of the company's stock worth $30,205,000 after purchasing an additional 348,000 shares during the last quarter. PDT Partners LLC purchased a new stake in shares of Silvercorp Metals in the second quarter worth about $6,661,000. CIBC Asset Management Inc purchased a new stake in shares of Silvercorp Metals in the fourth quarter worth about $1,687,000. Finally, Auxano Advisors LLC bought a new position in Silvercorp Metals during the fourth quarter valued at approximately $2,335,000. 22.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Jefferies Financial Group upgraded Silvercorp Metals to a "buy" rating in a report on Monday, June 15th. Roth Capital reiterated a "buy" rating and set a $14.00 target price (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th. Finally, Zacks Research lowered shares of Silvercorp Metals from a "strong-buy" rating to a "hold" rating in a report on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $10.75.

Silvercorp Metals Stock Down 1.7%

Shares of NYSEAMERICAN:SVM opened at $11.91 on Friday. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 99.26 and a beta of 1.22. Silvercorp Metals Inc. has a 12 month low of $5.00 and a 12 month high of $15.77. The company has a current ratio of 3.51, a quick ratio of 3.46 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $11.04 and a 200 day moving average price of $11.52.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.The firm had revenue of $138.67 million during the quarter, compared to analysts' expectations of $138.70 million. During the same quarter in the previous year, the business earned $0.08 EPS. As a group, equities research analysts predict that Silvercorp Metals Inc. will post 0.67 earnings per share for the current year.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian mining company focused on the acquisition, exploration, development and operation of precious- and base-metal properties. Its primary products include silver, lead and zinc, with gold also produced or contained in certain deposits.

The company has historically operated mines in China, including the Ying Mining District in Henan province, the GC mine in Guangdong province and the BYP gold-lead-zinc mine. Silvercorp's activities have included underground mining, mineral processing and exploration aimed at extending mine life and expanding its resource base.

Silvercorp has also expanded its international portfolio through projects in Ecuador, including the El Domo-Curipamba project and the Condor gold project.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.