Public Employees Retirement System of Ohio Takes $635,000 Position in Silvercorp Metals Inc. $SVM

Public Employees Retirement System of Ohio acquired a new stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,771 shares of the company’s stock, valued at approximately $635,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in Silvercorp Metals by 18.5% in the 4th 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 during the period. Parvin Asset Management LLC lifted its holdings in shares of Silvercorp Metals by 0.6% during the 1st quarter. Parvin Asset Management LLC now owns 205,225 shares of the company’s stock valued at $2,204,000 after buying an additional 1,175 shares during the period. DGS Capital Management LLC boosted its stake in shares of Silvercorp Metals by 14.6% in the 4th quarter. DGS Capital Management LLC now owns 25,941 shares of the company’s stock worth $216,000 after buying an additional 3,301 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. boosted its stake in shares of Silvercorp Metals by 4.2% in the 2nd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 91,700 shares of the company’s stock worth $925,000 after buying an additional 3,700 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Silvercorp Metals in the second quarter worth $47,000. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Analyst Ratings Changes

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

Silvercorp Metals Trading Up 1.0%

NYSEAMERICAN:SVM opened at $12.55 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.51 and a quick ratio of 3.46. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 104.59 and a beta of 1.22. Silvercorp Metals Inc. has a one year low of $4.89 and a one year high of $15.77. The business has a fifty day moving average price of $10.97 and a 200-day moving average price of $11.52.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its earnings results on Monday, August 10th. The company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $138.67 million for the quarter, compared to the consensus estimate of $138.70 million. Silvercorp Metals had a return on equity of 18.34% and a net margin of 6.32%.During the same period in the previous year, the business earned $0.08 earnings per share. Sell-side analysts forecast that Silvercorp Metals Inc. will post 0.66 EPS for the current year.

Silvercorp Metals Company 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.