PDT Partners LLC bought a new position in shares of Silvercorp Metals Inc (NYSE:SVM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 138,275 shares of the company’s stock, valued at approximately $442,000. PDT Partners LLC owned about 0.08% of Silvercorp Metals as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SVM. Russell Investments Group Ltd. bought a new position in shares of Silvercorp Metals during the second quarter worth $255,000. Acadian Asset Management LLC bought a new position in shares of Silvercorp Metals during the second quarter worth $3,849,000. Spark Investment Management LLC bought a new position in shares of Silvercorp Metals during the second quarter worth $4,072,000. First Manhattan Co. bought a new position in shares of Silvercorp Metals during the second quarter worth $197,000. Finally, ARP Americas LLC bought a new position in shares of Silvercorp Metals during the second quarter worth $147,000.

Silvercorp Metals Inc (NYSE:SVM) opened at 2.79 on Friday. The company’s 50 day moving average is $2.94 and its 200-day moving average is $2.93. The company has a market cap of $468.42 million and a price-to-earnings ratio of 9.96. Silvercorp Metals Inc has a 12 month low of $2.64 and a 12 month high of $3.43.

A number of equities analysts recently weighed in on SVM shares. Roth Capital started coverage on shares of Silvercorp Metals in a research report on Tuesday, August 29th. They set a “buy” rating and a $3.50 target price for the company. TheStreet lowered shares of Silvercorp Metals from a “b-” rating to a “c” rating in a research report on Tuesday, August 22nd.

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Silvercorp Metals 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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