Cubist Systematic Strategies LLC Grows Stock Holdings in Silvercorp Metals Inc. $SVM

Cubist Systematic Strategies LLC grew its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 156.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,266 shares of the company’s stock after buying an additional 48,413 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Silvercorp Metals were worth $306,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Tidal Investments LLC lifted its position in shares of Silvercorp Metals by 17.8% during the fourth quarter. Tidal Investments LLC now owns 7,556,081 shares of the company’s stock worth $22,668,000 after purchasing an additional 1,143,210 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Silvercorp Metals by 5.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,921,616 shares of the company’s stock worth $14,783,000 after purchasing an additional 261,669 shares in the last quarter. Citigroup Inc. lifted its position in shares of Silvercorp Metals by 8,416.5% during the first quarter. Citigroup Inc. now owns 3,573,536 shares of the company’s stock worth $13,780,000 after purchasing an additional 3,531,576 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Silvercorp Metals by 37.4% during the fourth quarter. Two Sigma Investments LP now owns 2,444,427 shares of the company’s stock worth $7,333,000 after purchasing an additional 664,806 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Silvercorp Metals by 40.0% during the fourth quarter. Millennium Management LLC now owns 1,948,174 shares of the company’s stock worth $5,850,000 after purchasing an additional 556,594 shares in the last quarter. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Silvercorp Metals Trading Up 3.4%

SVM opened at $5.16 on Friday. The stock has a market capitalization of $1.13 billion, a PE ratio of 19.85 and a beta of 0.85. The firm’s fifty day moving average price is $4.70 and its 200 day moving average price is $4.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.50. Silvercorp Metals Inc. has a 12-month low of $2.87 and a 12-month high of $5.32.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SVM shares. Roth Capital reissued a “buy” rating and set a $6.75 target price (up from $6.25) on shares of Silvercorp Metals in a research report on Tuesday, July 1st. Zacks Research cut shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $6.75.

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.