Royal Bank of Canada Reduces Stock Position in Silvercorp Metals Inc. $SVM

Royal Bank of Canada lessened its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 81.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 82,116 shares of the company’s stock after selling 357,292 shares during the period. Royal Bank of Canada’s holdings in Silvercorp Metals were worth $882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Banque Cantonale Vaudoise purchased a new stake in shares of Silvercorp Metals during the third quarter valued at $57,000. Employees Retirement System of Texas purchased a new position in Silvercorp Metals in the 4th quarter worth about $61,000. TD Waterhouse Canada Inc. increased its stake in Silvercorp Metals by 22.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 7,374 shares of the company’s stock worth $62,000 after buying an additional 1,374 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Silvercorp Metals by 18.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock valued at $63,000 after buying an additional 1,170 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Silvercorp Metals in the 1st quarter valued at about $64,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SVM shares. Zacks Research downgraded shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Jefferies Financial Group upgraded Silvercorp Metals to a “buy” rating in a report on Monday, June 15th. Finally, Roth Capital reissued a “buy” rating and set a $14.00 price target (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.75.

Silvercorp Metals Price Performance

Shares of SVM opened at $12.53 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.46 and a current ratio of 3.51. The company has a 50 day moving average price of $10.55 and a 200-day moving average price of $11.32. Silvercorp Metals Inc. has a fifty-two week low of $4.37 and a fifty-two week high of $15.77. The stock has a market capitalization of $2.77 billion, a PE ratio of 104.43 and a beta of 1.15.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $138.67 million for the quarter, compared to analyst estimates of $138.70 million. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%. During the same period last year, the company posted $0.08 earnings per share. Equities analysts predict that Silvercorp Metals Inc. will post 0.66 earnings per share for the current fiscal year.

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.