Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Get Rating) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 21,709 call options on the company. This represents an increase of 6,559% compared to the typical volume of 326 call options.
Silvercorp Metals Price Performance
SVM stock opened at $3.47 on Tuesday. Silvercorp Metals has a 52-week low of $1.99 and a 52-week high of $4.11. The stock has a market cap of $613.39 million, a price-to-earnings ratio of 24.79 and a beta of 0.97.
Get Silvercorp Metals alerts:Silvercorp Metals (NYSEAMERICAN:SVM – Get Rating) last released its quarterly earnings results on Thursday, February 9th. The company reported $0.07 earnings per share (EPS) 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 company had revenue of $58.65 million during the quarter, compared to analysts' expectations of $56.20 million. As a group, equities analysts anticipate that Silvercorp Metals will post 0.13 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Raymond James upped their price objective on shares of Silvercorp Metals from C$6.15 to C$6.50 in a report on Friday, February 10th.
Institutional Investors Weigh In On Silvercorp Metals
A number of hedge funds have recently bought and sold shares of SVM. Jane Street Group LLC lifted its stake in shares of Silvercorp Metals by 2,243.1% in the third quarter. Jane Street Group LLC now owns 1,421,855 shares of the company's stock valued at $3,320,000 after buying an additional 1,361,173 shares during the period. American Century Companies Inc. lifted its stake in shares of Silvercorp Metals by 5,130.8% in the fourth quarter. American Century Companies Inc. now owns 1,001,955 shares of the company's stock valued at $2,945,000 after buying an additional 982,800 shares during the period. Two Sigma Investments LP lifted its stake in shares of Silvercorp Metals by 24.0% in the third quarter. Two Sigma Investments LP now owns 2,619,261 shares of the company's stock valued at $6,103,000 after buying an additional 507,151 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Silvercorp Metals by 14.5% in the third quarter. Two Sigma Advisers LP now owns 2,648,500 shares of the company's stock valued at $6,171,000 after buying an additional 336,100 shares during the period. Finally, Renaissance Technologies LLC lifted its stake 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 buying an additional 333,365 shares during the period. 25.49% of the stock is currently owned by institutional investors.
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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