Public Employees Retirement System of Ohio Has $329,000 Holdings in Silvercorp Metals Inc. $SVM

Public Employees Retirement System of Ohio boosted its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,683 shares of the company’s stock after buying an additional 2,581 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Silvercorp Metals were worth $329,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Ballentine Partners LLC acquired a new position in Silvercorp Metals during the second quarter worth approximately $50,000. Goldman Sachs Group Inc. grew its position in Silvercorp Metals by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 845,675 shares of the company’s stock worth $3,273,000 after buying an additional 28,803 shares in the last quarter. Jane Street Group LLC lifted its stake in Silvercorp Metals by 91.4% during the first quarter. Jane Street Group LLC now owns 102,296 shares of the company’s stock worth $396,000 after purchasing an additional 48,854 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Silvercorp Metals during the first quarter worth $97,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Silvercorp Metals by 11.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,498,383 shares of the company’s stock worth $21,203,000 after purchasing an additional 576,767 shares during the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

Silvercorp Metals Trading Up 2.3%

NYSEAMERICAN:SVM opened at $7.16 on Tuesday. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1.57 billion, a PE ratio of 27.54 and a beta of 0.86. The firm’s 50 day moving average is $5.11 and its 200 day moving average is $4.42. Silvercorp Metals Inc. has a 12 month low of $2.87 and a 12 month high of $7.34.

Analyst Upgrades and Downgrades

SVM has been the subject of a number of research reports. Cantor Fitzgerald set a $7.50 price target on Silvercorp Metals and gave the company an “overweight” rating in a research note on Monday, September 22nd. Roth Capital set a $8.25 price objective on Silvercorp Metals and gave the company a “buy” rating in a report on Friday. Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a report on Thursday, September 25th. Zacks Research downgraded Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Finally, Raymond James Financial restated an “outperform” rating on shares of Silvercorp Metals in a research note on Thursday, August 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Silvercorp Metals has a consensus rating of “Moderate Buy” and an average price target of $7.88.

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.