Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Up to $3.80

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares gapped up prior to trading on Friday . The stock had previously closed at $3.80, but opened at $3.95. Silvercorp Metals shares last traded at $3.94, with a volume of 731,070 shares changing hands.

Silvercorp Metals Trading Down 7.1 %

The firm has a market cap of $625.90 million, a PE ratio of 20.76 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM) last released 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 business had revenue of $58.51 million for the quarter, compared to the consensus estimate of $55.10 million. Silvercorp Metals had a net margin of 15.01% and a return on equity of 6.96%. As a group, analysts forecast that Silvercorp Metals Inc. will post 0.19 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Silvercorp Metals by 5.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,089,582 shares of the company’s stock valued at $9,514,000 after purchasing an additional 219,000 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Silvercorp Metals by 34.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock valued at $44,000 after buying an additional 4,855 shares during the period. Mackenzie Financial Corp grew its stake in shares of Silvercorp Metals by 0.3% in the third quarter. Mackenzie Financial Corp now owns 1,627,255 shares of the company’s stock worth $3,679,000 after acquiring an additional 5,524 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of Silvercorp Metals during the third quarter worth $39,000. Finally, Jump Financial LLC increased its position in shares of Silvercorp Metals by 103.9% during the third quarter. Jump Financial LLC now owns 139,863 shares of the company’s stock worth $329,000 after acquiring an additional 71,263 shares during the period. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Silvercorp Metals Company Profile

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.