PFG Investments LLC Makes New $40,000 Investment in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

PFG Investments LLC bought a new position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 12,202 shares of the company’s stock, valued at approximately $40,000.

Other large investors have also recently modified their holdings of the company. Evergreen Capital Management LLC purchased a new position in Silvercorp Metals during the third quarter valued at $39,000. Vanguard Personalized Indexing Management LLC boosted its stake in Silvercorp Metals by 34.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,748 shares of the company’s stock worth $44,000 after acquiring an additional 4,855 shares in the last quarter. PEAK6 Investments LLC purchased a new stake in Silvercorp Metals in the third quarter worth about $46,000. Dynamic Technology Lab Private Ltd increased its stake in shares of Silvercorp Metals by 77.3% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 26,479 shares of the company’s stock valued at $70,000 after purchasing an additional 11,546 shares in the last quarter. Finally, Aigen Investment Management LP boosted its position in shares of Silvercorp Metals by 115.1% in the 3rd quarter. Aigen Investment Management LP now owns 36,248 shares of the company’s stock worth $85,000 after purchasing an additional 19,398 shares in the last quarter. Institutional investors own 22.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm reduced their price target on shares of Silvercorp Metals from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th.

Silvercorp Metals Stock Performance

Shares of SVM remained flat at $3.30 during trading hours on Friday. 976,640 shares of the company were exchanged, compared to its average volume of 2,545,591. The stock has a market cap of $585.12 million, a PE ratio of 19.41 and a beta of 1.24. Silvercorp Metals Inc. has a 52 week low of $2.08 and a 52 week high of $3.98.

Silvercorp Metals (NYSEAMERICAN:SVM) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Silvercorp Metals had a return on equity of 6.96% and a net margin of 15.01%. The company had revenue of $58.51 million for the quarter, compared to analysts’ expectations of $55.10 million. On average, equities research analysts anticipate that Silvercorp Metals Inc. will post 0.2 EPS for the current year.

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.