Guggenheim Capital LLC Lowers Stock Position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Guggenheim Capital LLC decreased its position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 26.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,327 shares of the company's stock after selling 89,476 shares during the period. Guggenheim Capital LLC owned about 0.12% of Silvercorp Metals worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Franklin Resources Inc. purchased a new position in shares of Silvercorp Metals in the third quarter valued at $860,000. Barclays PLC raised its holdings in shares of Silvercorp Metals by 2,712.3% during the 3rd quarter. Barclays PLC now owns 44,997 shares of the company's stock valued at $197,000 after buying an additional 43,397 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Silvercorp Metals by 75.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 618,015 shares of the company's stock valued at $2,701,000 after purchasing an additional 265,387 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Silvercorp Metals in the fourth quarter worth about $103,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Silvercorp Metals in the 4th quarter valued at about $62,000. 22.30% of the stock is currently owned by institutional investors.

Silvercorp Metals Trading Down 1.5 %

Shares of NYSEAMERICAN SVM traded down $0.06 during mid-day trading on Tuesday, hitting $3.71. The stock had a trading volume of 1,427,150 shares, compared to its average volume of 3,577,237. The firm has a market cap of $806.65 million, a P/E ratio of 10.29 and a beta of 1.20. Silvercorp Metals Inc. has a 1 year low of $2.87 and a 1 year high of $5.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.35 and a current ratio of 4.61. The business has a 50 day moving average price of $3.76 and a two-hundred day moving average price of $3.70.

Silvercorp Metals 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.