Silvercorp Metals Inc. $SVM Shares Sold by Williams & Novak LLC

Williams & Novak LLC decreased its position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 13.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,150 shares of the company’s stock after selling 2,250 shares during the period. Williams & Novak LLC’s holdings in Silvercorp Metals were worth $60,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. grew its stake in shares of Silvercorp Metals by 8,416.5% in the 1st quarter. Citigroup Inc. now owns 3,573,536 shares of the company’s stock valued at $13,780,000 after purchasing an additional 3,531,576 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Silvercorp Metals by 11.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,498,383 shares of the company’s stock valued at $21,203,000 after purchasing an additional 576,767 shares during the last quarter. Alps Advisors Inc. grew its stake in shares of Silvercorp Metals by 536.0% in the 1st quarter. Alps Advisors Inc. now owns 627,376 shares of the company’s stock valued at $2,428,000 after purchasing an additional 528,736 shares during the last quarter. Sprott Inc. grew its stake in shares of Silvercorp Metals by 39.1% in the 1st quarter. Sprott Inc. now owns 1,354,657 shares of the company’s stock valued at $5,230,000 after purchasing an additional 380,946 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Silvercorp Metals in the 1st quarter valued at approximately $628,000. Institutional investors and hedge funds own 22.30% of the company’s stock.

Silvercorp Metals Trading Down 3.2%

Shares of SVM stock opened at $6.64 on Friday. The business’s fifty day moving average price is $5.31 and its 200 day moving average price is $4.50. Silvercorp Metals Inc. has a 1-year low of $2.87 and a 1-year high of $7.50. The firm has a market capitalization of $1.45 billion, a PE ratio of 25.54 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.50.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Cantor Fitzgerald set a $7.50 target price on Silvercorp Metals and gave the company an “overweight” rating in a research note on Monday, September 22nd. Zacks Research downgraded Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a research note on Thursday, September 25th. Raymond James Financial reiterated an “outperform” rating on shares of Silvercorp Metals in a research note on Friday. Finally, Roth Capital set a $8.25 price objective on Silvercorp Metals and gave the stock a “buy” rating in a report on Friday, October 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Silvercorp Metals presently has a consensus rating of “Moderate Buy” and an average target price of $7.88.

Silvercorp Metals Company 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.