Summit Financial Wealth Advisors LLC bought a new stake in Silvercorp Metals Inc (NYSE:SVM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 85,540 shares of the company’s stock, valued at approximately $275,000. Summit Financial Wealth Advisors LLC owned about 0.05% of Silvercorp Metals as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Virtu KCG Holdings LLC bought a new position in Silvercorp Metals in the second quarter valued at $125,000. ARP Americas LLC bought a new position in Silvercorp Metals in the second quarter valued at $147,000. UBS Asset Management Americas Inc. bought a new position in Silvercorp Metals in the second quarter valued at $158,000. Vanguard Group Inc. bought a new position in Silvercorp Metals in the second quarter valued at $195,000. Finally, First Manhattan Co. bought a new position in Silvercorp Metals in the second quarter valued at $197,000.

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A number of research analysts recently commented on SVM shares. Roth Capital started coverage on Silvercorp Metals in a research note on Tuesday, August 29th. They issued a “buy” rating and a $3.50 target price on the stock. TheStreet cut Silvercorp Metals from a “b-” rating to a “c” rating in a research note on Tuesday, August 22nd.

Shares of Silvercorp Metals Inc (NYSE:SVM) traded up 1.1587% on Thursday, hitting $2.7414. The stock had a trading volume of 42,010 shares. The company has a 50 day moving average price of $2.93 and a 200-day moving average price of $2.95. Silvercorp Metals Inc has a 12 month low of $2.07 and a 12 month high of $4.50. The stock has a market cap of $460.26 million and a PE ratio of 9.7907.

Silvercorp Metals Company Profile

Silvercorp Metals Inc (Silvercorp) is a silver-producing Canadian mining company. The Company is engaged in the acquisition, exploration, development, and mining of silver-related mineral properties in China. The Company’s segments include Mining, including projects, such as Henan Luoning, Hunan, Guangdong and Other, and Administrative, which includes Beijing and Vancouver.

Institutional Ownership by Quarter for Silvercorp Metals (NYSE:SVM)

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