Van ECK Associates Corp Sells 4,932,376 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Van ECK Associates Corp trimmed its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 22.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,178,405 shares of the company’s stock after selling 4,932,376 shares during the quarter. Van ECK Associates Corp owned about 7.89% of Silvercorp Metals worth $51,535,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Tidal Investments LLC raised its holdings in shares of Silvercorp Metals by 2.1% in the third quarter. Tidal Investments LLC now owns 6,412,871 shares of the company’s stock valued at $28,024,000 after buying an additional 133,231 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Silvercorp Metals by 2.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,366,682 shares of the company’s stock worth $23,369,000 after purchasing an additional 115,300 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Silvercorp Metals by 75.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 618,015 shares of the company’s stock worth $2,701,000 after purchasing an additional 265,387 shares during the last quarter. National Bank of Canada FI raised its holdings in Silvercorp Metals by 5,059.2% during the 3rd quarter. National Bank of Canada FI now owns 399,835 shares of the company’s stock worth $1,747,000 after purchasing an additional 392,085 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in Silvercorp Metals by 1,092.1% during the 3rd quarter. XTX Topco Ltd now owns 216,511 shares of the company’s stock worth $946,000 after purchasing an additional 198,349 shares during the last quarter. 22.30% of the stock is owned by institutional investors.

Silvercorp Metals Price Performance

Shares of NYSEAMERICAN:SVM opened at $3.54 on Friday. The stock has a market cap of $770.73 million, a price-to-earnings ratio of 11.80 and a beta of 1.20. Silvercorp Metals Inc. has a 1-year low of $2.24 and a 1-year high of $5.32.

Silvercorp Metals Profile

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.