Silvercorp Metals (NYSEAMERICAN:SVM) Sees Strong Trading Volume

Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Get Free Report) shares saw strong trading volume on Friday . 1,309,693 shares were traded during trading, a decline of 27% from the previous session's volume of 1,801,421 shares.The stock last traded at $3.32 and had previously closed at $3.55.

Analysts Set New Price Targets

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

Silvercorp Metals Stock Down 6.8 %

The stock has a market capitalization of $586.90 million, a price-to-earnings ratio of 19.47 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $58.51 million for the quarter, compared to the consensus estimate of $55.10 million. Silvercorp Metals had a return on equity of 6.96% and a net margin of 15.01%. Analysts predict that Silvercorp Metals Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. U S Global Investors Inc. increased its holdings in shares of Silvercorp Metals by 367.1% in the 1st quarter. U S Global Investors Inc. now owns 1,167,700 shares of the company's stock valued at $3,807,000 after acquiring an additional 917,700 shares during the last quarter. Van ECK Associates Corp raised its holdings in Silvercorp Metals by 8.2% during the fourth quarter. Van ECK Associates Corp now owns 9,106,260 shares of the company's stock worth $23,949,000 after purchasing an additional 693,952 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Silvercorp Metals by 5.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,089,582 shares of the company's stock worth $9,514,000 after buying an additional 219,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Silvercorp Metals by 2.3% in the 4th 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 in the last quarter. Finally, Vontobel Holding Ltd. purchased a new position in shares of Silvercorp Metals in the 4th quarter valued at $260,000. Institutional investors and hedge funds 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.