Raymond James Financial Inc. Takes $103,000 Position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Raymond James Financial Inc. bought a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,373 shares of the company’s stock, valued at approximately $103,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SVM. Franklin Resources Inc. acquired a new stake in Silvercorp Metals in the third quarter worth about $860,000. JPMorgan Chase & Co. increased its position in Silvercorp Metals by 75.3% in the third quarter. JPMorgan Chase & Co. now owns 618,015 shares of the company’s stock worth $2,701,000 after purchasing an additional 265,387 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in Silvercorp Metals in the fourth quarter worth about $62,000. Prudential Financial Inc. acquired a new stake in Silvercorp Metals in the fourth quarter worth about $46,000. Finally, Barclays PLC increased its position in Silvercorp Metals by 2,712.3% in the third quarter. Barclays PLC now owns 44,997 shares of the company’s stock worth $197,000 after purchasing an additional 43,397 shares during the period. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Price Performance

Shares of SVM stock opened at $3.69 on Wednesday. The stock has a 50-day moving average price of $3.78 and a 200 day moving average price of $3.70. 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 firm has a market cap of $803.39 million, a price-to-earnings ratio of 10.25 and a beta of 1.20. Silvercorp Metals Inc. has a 12 month low of $2.87 and a 12 month high of $5.32.

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.