Renaissance Technologies LLC Purchases 1,025,000 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Renaissance Technologies LLC increased its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 21.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,778,796 shares of the company's stock after buying an additional 1,025,000 shares during the quarter. Renaissance Technologies LLC owned 2.65% of Silvercorp Metals worth $17,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SVM. Tidal Investments LLC boosted its holdings in Silvercorp Metals by 2.1% during the 3rd quarter. Tidal Investments LLC now owns 6,412,871 shares of the company's stock valued at $28,024,000 after acquiring an additional 133,231 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Silvercorp Metals by 8.6% in the fourth quarter. JPMorgan Chase & Co. now owns 670,916 shares of the company's stock worth $2,013,000 after buying an additional 52,901 shares during the period. Swiss National Bank raised its holdings in Silvercorp Metals by 5.6% during the 4th quarter. Swiss National Bank now owns 428,500 shares of the company's stock valued at $1,287,000 after buying an additional 22,800 shares during the last quarter. Franklin Resources Inc. purchased a new stake in Silvercorp Metals during the 3rd quarter valued at $860,000. Finally, Legal & General Group Plc grew its holdings in Silvercorp Metals by 3.0% in the 4th quarter. Legal & General Group Plc now owns 195,613 shares of the company's stock worth $588,000 after acquiring an additional 5,765 shares during the last quarter. 22.30% of the stock is currently owned by institutional investors.

Silvercorp Metals Trading Down 4.6 %

Shares of NYSEAMERICAN:SVM traded down $0.18 during midday trading on Friday, hitting $3.74. 6,049,495 shares of the stock traded hands, compared to its average volume of 3,517,352. The company has a quick ratio of 4.35, a current ratio of 4.61 and a debt-to-equity ratio of 0.13. The business's 50 day moving average is $3.71 and its two-hundred day moving average is $3.70. The stock has a market capitalization of $814.27 million, a PE ratio of 10.39 and a beta of 1.20. Silvercorp Metals Inc. has a one year low of $2.87 and a one year high of $5.32.

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.