Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Up to $3.26

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $3.26, but opened at $3.38. Silvercorp Metals shares last traded at $3.35, with a volume of 628,807 shares traded.

Silvercorp Metals Trading Up 5.7 %

The stock has a market cap of $611.07 million, a P/E ratio of 20.26 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. Silvercorp Metals had a net margin of 15.01% and a return on equity of 6.96%. The business had revenue of $58.51 million during the quarter, compared to analyst estimates of $55.10 million. Equities analysts expect that Silvercorp Metals Inc. will post 0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Silvercorp Metals

Several hedge funds and other institutional investors have recently made changes to their positions in SVM. Barclays PLC increased its stake in Silvercorp Metals by 28.8% in the 4th quarter. Barclays PLC now owns 14,300 shares of the company's stock worth $42,000 after buying an additional 3,200 shares during the period. Alps Advisors Inc. increased its stake in Silvercorp Metals by 41.9% in the 3rd quarter. Alps Advisors Inc. now owns 15,863 shares of the company's stock worth $37,000 after buying an additional 4,682 shares during the period. LPL Financial LLC increased its stake in Silvercorp Metals by 4.9% in the 2nd quarter. LPL Financial LLC now owns 102,634 shares of the company's stock worth $255,000 after buying an additional 4,778 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Silvercorp Metals by 34.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company's stock worth $44,000 after buying an additional 4,855 shares during the period. Finally, Mackenzie Financial Corp increased its stake in Silvercorp Metals by 0.3% in the 3rd quarter. Mackenzie Financial Corp now owns 1,627,255 shares of the company's stock worth $3,679,000 after buying an additional 5,524 shares during the period. Hedge funds and other institutional investors own 22.30% of the company's stock.

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.