Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Buys New Stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. bought a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 56,300 shares of the company’s stock, valued at approximately $169,000. Silvercorp Metals comprises about 0.5% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.’s holdings, making the stock its 22nd largest position.

A number of other hedge funds have also recently modified their holdings of SVM. Pictet Asset Management Holding SA grew its position in Silvercorp Metals by 9.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 36,327 shares of the company’s stock worth $109,000 after purchasing an additional 3,266 shares during the last quarter. Geode Capital Management LLC grew its position in Silvercorp Metals by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 104,899 shares of the company’s stock worth $315,000 after purchasing an additional 4,104 shares during the last quarter. Aigen Investment Management LP grew its position in Silvercorp Metals by 21.4% during the 4th quarter. Aigen Investment Management LP now owns 31,635 shares of the company’s stock worth $95,000 after purchasing an additional 5,579 shares during the last quarter. Legal & General Group Plc grew its position in Silvercorp Metals by 3.0% during the 4th quarter. Legal & General Group Plc now owns 195,613 shares of the company’s stock worth $588,000 after purchasing an additional 5,765 shares during the last quarter. Finally, First Heartland Consultants Inc. purchased a new position in Silvercorp Metals during the 4th quarter worth $30,000. 22.30% of the stock is owned by hedge funds and other institutional investors.

Silvercorp Metals Trading Down 4.1%

Shares of Silvercorp Metals stock opened at $3.71 on Friday. Silvercorp Metals Inc. has a 1 year low of $2.87 and a 1 year high of $5.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.35 and a current ratio of 4.61. The company has a market capitalization of $807.74 million, a P/E ratio of 10.31 and a beta of 1.20. The company’s fifty day moving average is $3.74 and its two-hundred day moving average is $3.70.

About Silvercorp Metals

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.