Public Employees Retirement System of Ohio Makes New $635,000 Investment in Silvercorp Metals Inc. $SVM

Public Employees Retirement System of Ohio acquired a new position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the second quarter, HoldingsChannel reports. The institutional investor acquired 62,771 shares of the company’s stock, valued at approximately $635,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Silvercorp Metals by 238.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,243,477 shares of the company’s stock valued at $77,244,000 after buying an additional 6,511,389 shares in the last quarter. BlackRock Inc. bought a new stake in Silvercorp Metals during the second quarter valued at about $42,564,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Silvercorp Metals during the second quarter valued at about $39,719,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Silvercorp Metals by 38.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,138,358 shares of the company’s stock valued at $57,665,000 after acquiring an additional 2,534,155 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Silvercorp Metals by 24.2% in the third quarter. Tidal Investments LLC now owns 10,966,184 shares of the company’s stock valued at $69,306,000 after acquiring an additional 2,138,301 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SVM has been the subject of several research analyst reports. Roth Capital reiterated a “buy” rating and set a $14.00 target price (up from $13.50) on shares of Silvercorp Metals in a research report on Wednesday, August 12th. Zacks Research cut Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, Jefferies Financial Group upgraded Silvercorp Metals to a “buy” rating in a research note on Monday, June 15th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.75.

Silvercorp Metals Stock Performance

SVM opened at $12.55 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.46 and a current ratio of 3.51. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 104.59 and a beta of 1.22. The company has a fifty day moving average of $10.97 and a 200 day moving average of $11.52. Silvercorp Metals Inc. has a fifty-two week low of $4.89 and a fifty-two week high of $15.77.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. Silvercorp Metals had a net margin of 6.32% and a return on equity of 18.34%. The business had revenue of $138.67 million for the quarter, compared to analysts’ expectations of $138.70 million. During the same quarter in the previous year, the company earned $0.08 EPS. As a group, sell-side analysts forecast that Silvercorp Metals Inc. will post 0.66 earnings per share for the current fiscal year.

About Silvercorp Metals

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.