Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,921,616 shares of the company's stock after acquiring an additional 261,669 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 2.26% of Silvercorp Metals worth $14,783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SVM. Pictet Asset Management Holding SA raised its position in Silvercorp Metals by 9.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 36,327 shares of the company's stock valued at $109,000 after acquiring an additional 3,266 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Silvercorp Metals by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 104,899 shares of the company's stock worth $315,000 after purchasing an additional 4,104 shares during the period. Aigen Investment Management LP increased its holdings in shares of Silvercorp Metals by 21.4% during the 4th quarter. Aigen Investment Management LP now owns 31,635 shares of the company's stock valued at $95,000 after purchasing an additional 5,579 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Silvercorp Metals by 3.0% in the 4th quarter. Legal & General Group Plc now owns 195,613 shares of the company's stock valued at $588,000 after purchasing an additional 5,765 shares during the period. Finally, Tradition Wealth Management LLC acquired a new position in shares of Silvercorp Metals in the 4th quarter valued at $46,000. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Price Performance

Shares of NYSEAMERICAN:SVM traded up $0.16 during midday trading on Wednesday, reaching $3.90. 2,535,108 shares of the company's stock traded hands, compared to its average volume of 3,820,974. The company has a fifty day simple moving average of $3.76 and a two-hundred day simple moving average of $3.70. Silvercorp Metals Inc. has a 1 year low of $2.87 and a 1 year high of $5.32. The company has a market cap of $848.02 million, a P/E ratio of 10.82 and a beta of 1.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.35 and a current ratio of 4.61.

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.