Silvercorp Metals (NYSEAMERICAN:SVM) Sees Strong Trading Volume

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 869,970 shares traded hands during trading, a decline of 52% from the previous session's volume of 1,795,502 shares.The stock last traded at $3.62 and had previously closed at $3.53.

Silvercorp Metals Stock Up 4.4 %

The company has a market capitalization of $653.39 million, a PE ratio of 21.68 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last posted its quarterly 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 company had revenue of $58.51 million for the quarter, compared to analyst estimates of $55.10 million. Silvercorp Metals had a return on equity of 6.96% and a net margin of 15.01%. As a group, research analysts anticipate that Silvercorp Metals Inc. will post 0.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its position in Silvercorp Metals by 28.8% during the 4th quarter. Barclays PLC now owns 14,300 shares of the company's stock worth $42,000 after acquiring an additional 3,200 shares during the period. Alps Advisors Inc. increased 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 worth $37,000 after buying an additional 4,682 shares in the last quarter. LPL Financial LLC increased its position in Silvercorp Metals by 4.9% during the second quarter. LPL Financial LLC now owns 102,634 shares of the company's stock worth $255,000 after buying an additional 4,778 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Silvercorp Metals by 34.9% during the third 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 in the last quarter. Finally, Mackenzie Financial Corp increased its position in Silvercorp Metals by 0.3% during the third 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 in the last quarter. Hedge funds and other institutional investors own 22.30% of the company's stock.

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.