Silvercorp Metals (NYSEAMERICAN:SVM) Shares Up 4%

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report)'s stock price rose 4% on Wednesday . The stock traded as high as $3.68 and last traded at $3.67. Approximately 731,004 shares traded hands during trading, a decline of 52% from the average daily volume of 1,527,244 shares. The stock had previously closed at $3.53.

Silvercorp Metals Price Performance

The company has a market capitalization of $666.95 million, a price-to-earnings ratio of 22.12 and a beta of 1.21.

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

Hedge Funds Weigh In On Silvercorp Metals

A number of hedge funds and other institutional investors have recently made changes to their positions in SVM. Deutsche Bank AG bought a new stake in Silvercorp Metals during the fourth quarter valued at about $33,000. Atria Wealth Solutions Inc. bought a new stake in Silvercorp Metals during the fourth quarter valued at about $35,000. Alps Advisors Inc. boosted its position in Silvercorp Metals by 41.9% during the third quarter. Alps Advisors Inc. now owns 15,863 shares of the company's stock valued at $37,000 after purchasing an additional 4,682 shares in the last quarter. Walleye Capital LLC bought a new stake in Silvercorp Metals during the second quarter valued at about $37,000. Finally, Evergreen Capital Management LLC bought a new stake in Silvercorp Metals during the third quarter valued at about $39,000. 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.