PDT Partners LLC Makes New Investment in Silvercorp Metals Inc. $SVM

PDT Partners LLC purchased a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 659,534 shares of the company’s stock, valued at approximately $6,661,000.

Several other large investors have also recently modified their holdings of the business. U S Global Investors Inc. increased its holdings in Silvercorp Metals by 147.1% in the first quarter. U S Global Investors Inc. now owns 617,663 shares of the company’s stock valued at $6,634,000 after purchasing an additional 367,663 shares during the period. Renaissance Technologies LLC lifted its holdings in Silvercorp Metals by 14.1% during the 1st quarter. Renaissance Technologies LLC now owns 2,812,396 shares of the company’s stock worth $30,205,000 after buying an additional 348,000 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Silvercorp Metals by 349.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 146,793 shares of the company’s stock worth $1,229,000 after buying an additional 114,128 shares during the period. CIBC Asset Management Inc bought a new stake in shares of Silvercorp Metals in the 4th quarter valued at about $1,687,000. Finally, Auxano Advisors LLC bought a new stake in shares of Silvercorp Metals in the 4th quarter valued at about $2,335,000. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Price Performance

Shares of NYSEAMERICAN SVM opened at $12.83 on Wednesday. The company has a market capitalization of $2.84 billion, a PE ratio of 106.93 and a beta of 1.15. The company has a quick ratio of 3.46, a current ratio of 3.51 and a debt-to-equity ratio of 0.10. Silvercorp Metals Inc. has a twelve month low of $4.50 and a twelve month high of $15.77. The firm has a fifty day simple moving average of $10.56 and a 200 day simple moving average of $11.36.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%. The business had revenue of $138.67 million for the quarter, compared to analysts’ expectations of $138.70 million. During the same quarter in the prior year, the firm posted $0.08 earnings per share. On average, sell-side analysts forecast that Silvercorp Metals Inc. will post 0.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SVM shares. Zacks Research downgraded Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Roth Capital reaffirmed a “buy” rating and issued a $14.00 price objective (up from $13.50) on shares of Silvercorp Metals in a research note on Wednesday, August 12th. Finally, Jefferies Financial Group upgraded Silvercorp Metals to a “buy” rating in a report on Monday, June 15th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Silvercorp Metals has an average rating of “Moderate Buy” and a consensus price target of $10.75.

About Silvercorp Metals

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.