Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,309,693 shares changed hands during mid-day 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 cut their price target on shares of Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Wednesday.
View Our Latest Stock Report on Silvercorp Metals
Silvercorp Metals Stock Performance
Silvercorp Metals (NYSEAMERICAN:SVM – Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.06 EPS for the quarter, beating the consensus estimate 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%. Analysts predict that Silvercorp Metals Inc. will post 0.2 EPS for the current fiscal year.
Institutional Investors Weigh In On Silvercorp Metals
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC increased its position 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 buying an additional 4,855 shares during the period. Mackenzie Financial Corp increased its position in shares of Silvercorp Metals by 0.3% during the third quarter. Mackenzie Financial Corp now owns 1,627,255 shares of the company’s stock valued at $3,679,000 after buying an additional 5,524 shares during the period. Dynamic Technology Lab Private Ltd increased its position in shares of Silvercorp Metals by 77.3% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock valued at $70,000 after buying an additional 11,546 shares during the period. PFG Investments LLC bought a new stake in shares of Silvercorp Metals during the first quarter valued at about $40,000. Finally, Evergreen Capital Management LLC bought a new stake in shares of Silvercorp Metals during the third quarter valued at about $39,000. 22.30% of the stock is 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.
Further Reading
- Five stocks we like better than Silvercorp Metals
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- MarketBeat Week in Review – 4/22 – 4/26
- How to Invest in Blue Chip Stocks
- 3 Stocks Leading the U.S. Agriculture Comeback
- Earnings Per Share Calculator: How to Calculate EPS
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for Silvercorp Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silvercorp Metals and related companies with MarketBeat.com's FREE daily email newsletter.