Silvercorp Metals Inc. $SVM Shares Acquired by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 845,675 shares of the company’s stock after purchasing an additional 28,803 shares during the quarter. Goldman Sachs Group Inc. owned about 0.39% of Silvercorp Metals worth $3,273,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. First Heartland Consultants Inc. acquired a new stake in Silvercorp Metals in the fourth quarter worth about $30,000. PNC Financial Services Group Inc. acquired a new stake in Silvercorp Metals in the 1st quarter valued at about $39,000. Welch Group LLC acquired a new stake in Silvercorp Metals in the 1st quarter valued at about $44,000. Baader Bank Aktiengesellschaft acquired a new stake in Silvercorp Metals in the 1st quarter valued at about $46,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Silvercorp Metals in the 1st quarter valued at about $72,000. Institutional investors and hedge funds own 22.30% of the company’s stock.

Silvercorp Metals Trading Up 0.2%

NYSEAMERICAN:SVM opened at $5.17 on Friday. The company has a market capitalization of $1.13 billion, a P/E ratio of 19.89 and a beta of 0.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.50 and a current ratio of 4.61. The stock’s 50 day moving average price is $4.75 and its 200 day moving average price is $4.21. Silvercorp Metals Inc. has a 52 week low of $2.87 and a 52 week high of $5.47.

Analyst Ratings Changes

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

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.