Fiscal Wisdom Wealth Management LLC Makes New Investment in Silvercorp Metals Inc. $SVM

Fiscal Wisdom Wealth Management LLC bought a new stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the 3rd quarter, HoldingsChannel reports. The firm bought 446,185 shares of the company’s stock, valued at approximately $2,838,000. Silvercorp Metals comprises approximately 2.7% of Fiscal Wisdom Wealth Management LLC’s investment portfolio, making the stock its 7th largest position.

Other large investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Silvercorp Metals by 14.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 29,524 shares of the company’s stock worth $187,000 after purchasing an additional 3,745 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Silvercorp Metals by 419.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,232 shares of the company’s stock worth $31,000 after buying an additional 5,839 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Silvercorp Metals by 5.7% during the 2nd quarter. Geode Capital Management LLC now owns 123,058 shares of the company’s stock valued at $519,000 after buying an additional 6,637 shares during the period. American Century Companies Inc. grew its holdings in shares of Silvercorp Metals by 7.5% during the 2nd quarter. American Century Companies Inc. now owns 120,582 shares of the company’s stock valued at $511,000 after acquiring an additional 8,440 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of Silvercorp Metals by 20.0% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 60,000 shares of the company’s stock valued at $278,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

Silvercorp Metals Price Performance

NYSEAMERICAN SVM opened at $10.86 on Thursday. Silvercorp Metals Inc. has a fifty-two week low of $3.15 and a fifty-two week high of $14.00. The stock’s 50-day moving average is $10.01 and its two-hundred day moving average is $7.43. The firm has a market cap of $2.40 billion, a P/E ratio of -155.12 and a beta of 0.97.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating on shares of Silvercorp Metals in a report on Wednesday, January 14th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Silvercorp Metals in a research note on Friday, January 16th. Finally, Roth Mkm set a $11.00 price target on Silvercorp Metals in a report on Tuesday, February 10th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Silvercorp Metals Company Profile

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.