Parvin Asset Management LLC Makes New $2.02 Million Investment in Silvercorp Metals Inc. $SVM

Parvin Asset Management LLC acquired a new position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the second quarter, HoldingsChannel.com reports. The fund acquired 200,125 shares of the company’s stock, valued at approximately $2,021,000. Silvercorp Metals makes up about 1.6% of Parvin Asset Management LLC’s portfolio, making the stock its 10th biggest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Wyoming bought a new position in shares of Silvercorp Metals in the second quarter worth approximately $47,000. Banque Cantonale Vaudoise bought a new stake in Silvercorp Metals during the third quarter valued at about $57,000. Employees Retirement System of Texas bought a new position in shares of Silvercorp Metals in the fourth quarter worth about $61,000. EverSource Wealth Advisors LLC grew its position in shares of Silvercorp Metals by 18.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,503 shares of the company’s stock worth $63,000 after purchasing an additional 1,170 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in Silvercorp Metals during the 3rd quarter valued at approximately $67,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Silvercorp Metals Price Performance

SVM stock opened at $13.07 on Thursday. Silvercorp Metals Inc. has a 52 week low of $4.50 and a 52 week high of $15.77. The firm has a market capitalization of $2.89 billion, a P/E ratio of 108.93 and a beta of 1.15. The company has a fifty day simple moving average of $10.59 and a two-hundred day simple moving average of $11.39. The company has a quick ratio of 3.46, a current ratio of 3.51 and a debt-to-equity ratio of 0.10.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The firm had revenue of $138.67 million during the quarter, compared to the consensus estimate of $138.70 million. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%. During the same quarter last year, the firm earned $0.08 EPS. Analysts anticipate 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.