Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 585,686 shares changed hands during mid-day trading, a decline of 61% from the previous session's volume of 1,513,148 shares.The stock last traded at $3.46 and had previously closed at $3.45.
Silvercorp Metals Price Performance
The company has a market capitalization of $626.15 million, a P/E ratio of 20.41 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 (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $58.51 million during the quarter, compared to analysts' expectations of $55.10 million. Silvercorp Metals had a return on equity of 6.96% and a net margin of 15.01%. Equities research analysts predict that Silvercorp Metals Inc. will post 0.19 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of SVM. JPMorgan Chase & Co. grew its stake in Silvercorp Metals by 18.0% during the first quarter. JPMorgan Chase & Co. now owns 322,602 shares of the company's stock worth $1,168,000 after buying an additional 49,325 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Silvercorp Metals by 152.1% in the first quarter. BlackRock Inc. now owns 103,369 shares of the company's stock worth $374,000 after acquiring an additional 62,358 shares during the period. Cibc World Market Inc. grew its holdings in Silvercorp Metals by 58.5% during the 1st quarter. Cibc World Market Inc. now owns 30,920 shares of the company's stock worth $112,000 after acquiring an additional 11,415 shares during the period. Mackenzie Financial Corp lifted its position in shares of Silvercorp Metals by 24.2% during the 1st quarter. Mackenzie Financial Corp now owns 68,284 shares of the company's stock valued at $249,000 after acquiring an additional 13,319 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Silvercorp Metals by 7.0% during the 1st quarter. Renaissance Technologies LLC now owns 5,068,096 shares of the company's stock worth $18,365,000 after buying an additional 333,365 shares during the period. Institutional investors and hedge funds own 22.30% of the company's stock.
Silvercorp Metals Company Profile
(
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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.
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