Deutsche Bank AG Decreases Holdings in Silvercorp Metals Inc (SVM)
Deutsche Bank AG decreased its position in Silvercorp Metals Inc (NYSEAMERICAN:SVM) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 450,639 shares of the company’s stock after selling 60,813 shares during the quarter. Deutsche Bank AG’s holdings in Silvercorp Metals were worth $945,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SVM. Paloma Partners Management Co bought a new position in Silvercorp Metals in the fourth quarter worth $44,000. Geode Capital Management LLC raised its holdings in Silvercorp Metals by 172.8% in the fourth quarter. Geode Capital Management LLC now owns 28,101 shares of the company’s stock worth $58,000 after purchasing an additional 17,800 shares in the last quarter. Signition LP raised its holdings in Silvercorp Metals by 44.4% in the fourth quarter. Signition LP now owns 37,700 shares of the company’s stock worth $79,000 after purchasing an additional 11,600 shares in the last quarter. Virtu Financial LLC raised its holdings in Silvercorp Metals by 116.4% in the fourth quarter. Virtu Financial LLC now owns 42,198 shares of the company’s stock worth $89,000 after purchasing an additional 22,696 shares in the last quarter. Finally, BlackRock Inc. bought a new position in Silvercorp Metals in the fourth quarter worth $101,000.
Shares of NYSEAMERICAN:SVM opened at $2.20 on Thursday. Silvercorp Metals Inc has a 1-year low of $1.83 and a 1-year high of $3.12.
Separately, Zacks Investment Research upgraded Silvercorp Metals from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a report on Friday, March 22nd.
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Silvercorp Metals Profile
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.
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