Silvercorp Metals (NYSEAMERICAN:SVM) Shares Gap Down to $3.57

Silvercorp Metals Inc. (NYSEAMERICAN:SVM) shares gapped down before the market opened on Monday . The stock had previously closed at $3.57, but opened at $3.36. Silvercorp Metals shares last traded at $3.51, with a volume of 1,747,093 shares traded.

Silvercorp Metals Stock Up 3.1 %

The company has a market cap of $626.79 million, a price-to-earnings ratio of 20.79 and a beta of 1.21.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Silvercorp Metals had a net margin of 15.01% and a return on equity of 6.96%. The business had revenue of $58.51 million for the quarter, compared to analysts’ expectations of $55.10 million. Research analysts predict that Silvercorp Metals Inc. will post 0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Silvercorp Metals

Several institutional investors have recently modified their holdings of the business. Van ECK Associates Corp raised its stake in shares of Silvercorp Metals by 8.2% in the fourth quarter. Van ECK Associates Corp now owns 9,106,260 shares of the company’s stock valued at $23,949,000 after acquiring an additional 693,952 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Silvercorp Metals by 2.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,470,766 shares of the company’s stock worth $11,697,000 after buying an additional 100,973 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Silvercorp Metals by 5.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,089,582 shares of the company’s stock valued at $9,514,000 after acquiring an additional 219,000 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Silvercorp Metals by 0.3% in the third quarter. Mackenzie Financial Corp now owns 1,627,255 shares of the company’s stock valued at $3,679,000 after acquiring an additional 5,524 shares in the last quarter. Finally, Sprott Inc. lifted its stake in Silvercorp Metals by 4.7% in the fourth quarter. Sprott Inc. now owns 994,445 shares of the company’s stock worth $2,595,000 after acquiring an additional 44,754 shares during the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

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.