Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 20.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 54,402 shares of the company’s stock after selling 13,592 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Silvercorp Metals were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in Silvercorp Metals by 0.3% in the 3rd quarter. Mackenzie Financial Corp now owns 1,627,255 shares of the company’s stock valued at $3,679,000 after purchasing an additional 5,524 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Silvercorp Metals by 2.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,369,793 shares of the company’s stock valued at $10,213,000 after buying an additional 88,279 shares in the last quarter. Jump Financial LLC grew its holdings in 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. Vanguard Personalized Indexing Management LLC raised its position in Silvercorp Metals by 34.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock worth $44,000 after acquiring an additional 4,855 shares in the last quarter. Finally, Aigen Investment Management LP lifted its holdings in Silvercorp Metals by 115.1% in the third quarter. Aigen Investment Management LP now owns 36,248 shares of the company’s stock valued at $85,000 after acquiring an additional 19,398 shares during the period. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Silvercorp Metals Price Performance

Shares of Silvercorp Metals stock opened at $3.36 on Thursday. Silvercorp Metals Inc. has a 12-month low of $2.08 and a 12-month high of $3.98. The stock has a market capitalization of $595.76 million, a price-to-earnings ratio of 19.76 and a beta of 1.24.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $58.51 million during 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%. As a group, sell-side analysts predict that Silvercorp Metals Inc. will post 0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm lowered their price target on shares of Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th.

Silvercorp Metals 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.