Eschler Asset Management LLP Sells 196,827 Shares of Silvercorp Metals Inc. $SVM

Eschler Asset Management LLP decreased its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 82.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,502 shares of the company’s stock after selling 196,827 shares during the quarter. Eschler Asset Management LLP’s holdings in Silvercorp Metals were worth $262,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in Silvercorp Metals by 163.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 6,333 shares of the company’s stock valued at $40,000 after purchasing an additional 3,929 shares during the period. Banque Cantonale Vaudoise bought a new position in Silvercorp Metals during the 3rd quarter worth $57,000. Merit Financial Group LLC acquired a new stake in shares of Silvercorp Metals during the third quarter worth $88,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Silvercorp Metals during the third quarter worth $107,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Silvercorp Metals in the second quarter valued at about $73,000. Institutional investors own 22.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SVM. BMO Capital Markets reaffirmed an “outperform” rating on shares of Silvercorp Metals in a research report on Friday, January 16th. Roth Mkm set a $11.00 price objective on shares of Silvercorp Metals in a report on Tuesday, February 10th. Finally, Raymond James Financial restated an “outperform” rating on shares of Silvercorp Metals in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Silvercorp Metals presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Silvercorp Metals Trading Down 2.6%

Shares of NYSEAMERICAN SVM opened at $11.54 on Friday. The company has a market cap of $2.55 billion, a price-to-earnings ratio of -164.83 and a beta of 0.92. Silvercorp Metals Inc. has a 12 month low of $3.15 and a 12 month high of $14.00. The stock has a 50-day moving average price of $11.24 and a two-hundred day moving average price of $8.29.

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.