Fiscal Wisdom Wealth Management LLC Makes New Investment in Silvercorp Metals Inc. $SVM

Fiscal Wisdom Wealth Management LLC purchased a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 446,185 shares of the company’s stock, valued at approximately $2,838,000. Silvercorp Metals accounts for 2.7% of Fiscal Wisdom Wealth Management LLC’s holdings, making the stock its 7th biggest position. Fiscal Wisdom Wealth Management LLC owned approximately 0.20% of Silvercorp Metals at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Alps Advisors Inc. boosted its position in shares of Silvercorp Metals by 111.9% in the third quarter. Alps Advisors Inc. now owns 2,552,762 shares of the company’s stock worth $16,133,000 after acquiring an additional 1,347,819 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Silvercorp Metals by 20.1% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,604,203 shares of the company’s stock worth $27,927,000 after purchasing an additional 1,105,820 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Silvercorp Metals by 1,253.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 943,902 shares of the company’s stock valued at $5,965,000 after purchasing an additional 874,170 shares during the last quarter. Man Group plc grew its stake in shares of Silvercorp Metals by 1,626.7% during the 2nd quarter. Man Group plc now owns 505,000 shares of the company’s stock valued at $2,131,000 after buying an additional 475,753 shares during the period. Finally, U S Global Investors Inc. grew its stake in shares of Silvercorp Metals by 29.5% during the 3rd quarter. U S Global Investors Inc. now owns 1,562,671 shares of the company’s stock valued at $9,876,000 after buying an additional 356,005 shares during the period. 22.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on SVM shares. Roth Mkm set a $11.00 target price on Silvercorp Metals in a research report on Tuesday, February 10th. BMO Capital Markets restated an “outperform” rating on shares of Silvercorp Metals in a report on Friday, January 16th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Silvercorp Metals in a report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.25.

Silvercorp Metals Stock Up 4.4%

Shares of NYSEAMERICAN SVM opened at $10.86 on Thursday. Silvercorp Metals Inc. has a 12 month low of $3.15 and a 12 month high of $14.00. The company has a market cap of $2.40 billion, a price-to-earnings ratio of -155.12 and a beta of 0.97. The business has a fifty day simple moving average of $10.01 and a 200-day simple moving average of $7.43.

Silvercorp Metals Company Profile

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.