Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Rating) were up 3.3% during mid-day trading on Friday . The company traded as high as $3.16 and last traded at $3.16. Approximately 116,573 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 1,126,463 shares. The stock had previously closed at $3.06.
Wall Street Analyst Weigh In
Separately, Raymond James raised their price objective on Silvercorp Metals from C$6.15 to C$6.50 in a research report on Friday, February 10th.
Get Silvercorp Metals alerts:Silvercorp Metals Trading Up 7.2 %
The stock has a market capitalization of $579.81 million, a price-to-earnings ratio of 13.00 and a beta of 0.97.
Silvercorp Metals (NYSEAMERICAN:SVM – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. Silvercorp Metals had a net margin of 11.29% and a return on equity of 7.08%. The business had revenue of $58.65 million for the quarter, compared to analyst estimates of $56.20 million. As a group, analysts predict that Silvercorp Metals Inc. will post 0.13 earnings per share for the current year.
Institutional Investors Weigh In On Silvercorp Metals
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC acquired a new stake in shares of Silvercorp Metals in the second quarter valued at about $53,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Silvercorp Metals by 17.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 163,594 shares of the company's stock worth $405,000 after buying an additional 23,806 shares during the period. Toronto Dominion Bank lifted its position in shares of Silvercorp Metals by 126.6% during the second quarter. Toronto Dominion Bank now owns 69,128 shares of the company's stock worth $171,000 after purchasing an additional 38,621 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of Silvercorp Metals during the second quarter worth $142,000. Finally, Barclays PLC acquired a new position in shares of Silvercorp Metals during the third quarter worth $26,000. 25.49% of the stock is currently owned by institutional investors and hedge funds.
Silvercorp Metals Company Profile
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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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