Silvercorp Metals (NYSEAMERICAN:SVM) Trading 1.9% Higher

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) traded up 1.9% on Wednesday . The stock traded as high as $3.90 and last traded at $3.84. 1,598,799 shares were traded during mid-day trading, a decline of 5% from the average session volume of 1,683,924 shares. The stock had previously closed at $3.77.

Silvercorp Metals Stock Up 2.7 %

The firm has a market capitalization of $686.46 million, a price-to-earnings ratio of 22.59 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last posted 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 company had revenue of $58.51 million during the quarter, compared to analyst estimates of $55.10 million. Analysts expect that Silvercorp Metals Inc. will post 0.19 EPS for the current year.

Institutional Trading of Silvercorp Metals

Hedge funds have recently modified their holdings of the company. Deutsche Bank AG purchased a new stake in shares of Silvercorp Metals during the 4th quarter valued at $33,000. Atria Wealth Solutions Inc. purchased a new stake in Silvercorp Metals in the fourth quarter valued at about $35,000. Alps Advisors Inc. raised its stake in Silvercorp Metals by 41.9% in the third quarter. Alps Advisors Inc. now owns 15,863 shares of the company's stock valued at $37,000 after buying an additional 4,682 shares during the last quarter. Walleye Capital LLC acquired a new stake in Silvercorp Metals in the second quarter worth about $37,000. Finally, Evergreen Capital Management LLC purchased a new stake in shares of Silvercorp Metals during the third quarter worth about $39,000. 22.30% of the stock is owned by hedge funds and other institutional investors.

About Silvercorp Metals

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.