1,352,344 Shares in Silvercorp Metals Inc. $SVM Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL purchased a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 1,352,344 shares of the company’s stock, valued at approximately $8,547,000.

Several other hedge funds have also recently modified their holdings of SVM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Silvercorp Metals by 38.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock worth $57,665,000 after purchasing an additional 2,534,155 shares during the last quarter. Tidal Investments LLC raised its position in shares of Silvercorp Metals by 24.2% during the 3rd quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock worth $69,306,000 after purchasing an additional 2,138,301 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Silvercorp Metals during the 3rd quarter worth about $8,962,000. Alps Advisors Inc. raised its position in shares of Silvercorp Metals by 111.9% during the 3rd quarter. Alps Advisors Inc. now owns 2,552,762 shares of the company’s stock worth $16,133,000 after purchasing an additional 1,347,819 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Silvercorp Metals by 3,595.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,089,513 shares of the company’s stock worth $6,886,000 after purchasing an additional 1,060,031 shares during the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Silvercorp Metals Price Performance

SVM opened at $11.10 on Tuesday. The company’s 50 day simple moving average is $11.20 and its two-hundred day simple moving average is $8.98. Silvercorp Metals Inc. has a 1-year low of $3.15 and a 1-year high of $14.00. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -158.55 and a beta of 1.09.

Silvercorp Metals 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.