JPMorgan Chase & Co. boosted its position in Silvercorp Metals Inc (NYSEAMERICAN:SVM) by 486.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 601,673 shares of the company’s stock after buying an additional 499,133 shares during the period. JPMorgan Chase & Co. owned approximately 0.36% of Silvercorp Metals worth $1,977,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Virtu KCG Holdings LLC acquired a new position in Silvercorp Metals in the 2nd quarter valued at about $125,000. Cubist Systematic Strategies LLC acquired a new position in Silvercorp Metals in the 2nd quarter valued at about $141,000. BlueCrest Capital Management Ltd purchased a new stake in Silvercorp Metals in the 2nd quarter valued at about $142,000. UBS Asset Management Americas Inc. purchased a new stake in Silvercorp Metals in the 2nd quarter valued at about $158,000. Finally, ARP Americas LLC grew its holdings in Silvercorp Metals by 50.9% in the 3rd quarter. ARP Americas LLC now owns 69,400 shares of the company’s stock valued at $188,000 after buying an additional 23,400 shares during the period.
SVM has been the subject of a number of research reports. ValuEngine upgraded Silvercorp Metals from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research upgraded Silvercorp Metals from a “sell” rating to a “hold” rating in a report on Friday, January 5th.
Shares of Silvercorp Metals Inc (NYSEAMERICAN:SVM) traded up $0.04 during mid-day trading on Wednesday, reaching $2.65. The company had a trading volume of 311,775 shares, compared to its average volume of 386,789. Silvercorp Metals Inc has a fifty-two week low of $2.12 and a fifty-two week high of $4.50. The company has a market capitalization of $435.96, a PE ratio of -4.34 and a beta of 1.23.
Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. Silvercorp Metals had a return on equity of 3.84% and a net margin of 11.70%. The firm had revenue of $47.54 million during the quarter, compared to the consensus estimate of $42.30 million.
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About Silvercorp Metals
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.
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