Tower Research Capital LLC TRC lifted its stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Rating) by 2,190.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,040 shares of the company's stock after buying an additional 126,274 shares during the period. Tower Research Capital LLC TRC owned approximately 0.07% of Silvercorp Metals worth $312,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SVM. Renaissance Technologies LLC boosted its holdings in shares of Silvercorp Metals by 7.0% in the first quarter. Renaissance Technologies LLC now owns 5,068,096 shares of the company's stock valued at $18,365,000 after acquiring an additional 333,365 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Silvercorp Metals in the second quarter valued at $201,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Silvercorp Metals during the 3rd quarter worth $178,000. Quantbot Technologies LP increased its holdings in shares of Silvercorp Metals by 170.1% in the 3rd quarter. Quantbot Technologies LP now owns 100,195 shares of the company's stock valued at $233,000 after purchasing an additional 63,096 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Silvercorp Metals by 152.1% during the first quarter. BlackRock Inc. now owns 103,369 shares of the company's stock worth $374,000 after buying an additional 62,358 shares in the last quarter. 25.49% of the stock is currently owned by institutional investors and hedge funds.
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Separately, Raymond James upped their price target on Silvercorp Metals from C$6.15 to C$6.50 in a report on Friday, February 10th.
Silvercorp Metals Price Performance
Shares of SVM opened at $3.22 on Thursday. Silvercorp Metals Inc. has a 1-year low of $1.99 and a 1-year high of $4.20. The company has a market cap of $569.20 million, a PE ratio of 23.00 and a beta of 0.95.
About Silvercorp Metals
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Silvercorp Metals, Inc is a mining company. It engages in the acquisition, exploration, development, and mining of mineral properties. The firm operates through the following segments: Mining, and Administrative. The Mining segment comprises of the operation in Henan Luoning, Hunan, Guangdong, and other.
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