Vontobel Holding Ltd. acquired a new stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 100,000 shares of the company’s stock, valued at approximately $260,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of Silvercorp Metals by 34.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock valued at $44,000 after acquiring an additional 4,855 shares during the last quarter. Mackenzie Financial Corp raised its stake in 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 buying an additional 5,524 shares in the last quarter. Evergreen Capital Management LLC bought a new position in Silvercorp Metals in the third quarter worth about $39,000. Aigen Investment Management LP raised its stake in Silvercorp Metals by 115.1% in the third quarter. Aigen Investment Management LP now owns 36,248 shares of the company’s stock worth $85,000 after buying an additional 19,398 shares in the last quarter. Finally, PEAK6 Investments LLC bought a new position in Silvercorp Metals in the third quarter worth about $46,000. 22.30% of the stock is owned by institutional investors.
Silvercorp Metals Stock Up 3.1 %
SVM stock opened at $3.54 on Wednesday. Silvercorp Metals Inc. has a 1 year low of $2.08 and a 1 year high of $3.98. The stock has a market capitalization of $626.79 million, a P/E ratio of 14.91 and a beta of 1.21.
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.
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