Van ECK Associates Corp Increases Stock Holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Van ECK Associates Corp lifted its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 8.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,106,260 shares of the company's stock after purchasing an additional 693,952 shares during the quarter. Van ECK Associates Corp owned 5.14% of Silvercorp Metals worth $23,949,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vontobel Holding Ltd. bought a new position in shares of Silvercorp Metals during the 4th quarter valued at $260,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Silvercorp Metals by 2.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,470,766 shares of the company's stock valued at $11,697,000 after buying an additional 100,973 shares during the period. Evergreen Capital Management LLC bought a new position in shares of Silvercorp Metals during the third quarter valued at about $39,000. PEAK6 Investments LLC purchased a new position in shares of Silvercorp Metals in the third quarter worth about $46,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Silvercorp Metals by 5.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,089,582 shares of the company's stock valued at $9,514,000 after acquiring an additional 219,000 shares during the last quarter. 22.30% of the stock is currently owned by institutional investors.

Silvercorp Metals Stock Up 1.9 %

Shares of SVM traded up $0.06 during mid-day trading on Wednesday, reaching $3.21. The company had a trading volume of 1,510,893 shares, compared to its average volume of 1,864,674. Silvercorp Metals Inc. has a 52 week low of $2.08 and a 52 week high of $3.98. The stock has a market cap of $569.17 million, a P/E ratio of 18.94 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $58.51 million for the quarter, compared to the consensus estimate of $55.10 million. On average, equities analysts anticipate that Silvercorp Metals Inc. will post 0.2 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lowered their price target on shares of Silvercorp Metals from $6.50 to $6.00 and set a "buy" rating for the company in a report on Wednesday, April 24th.

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.