Raymond James Financial Inc. Invests $103,000 in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Raymond James Financial Inc. bought a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 34,373 shares of the company’s stock, valued at approximately $103,000.

Several other institutional investors also recently modified their holdings of SVM. Renaissance Technologies LLC grew its position in shares of Silvercorp Metals by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 5,778,796 shares of the company’s stock valued at $17,336,000 after purchasing an additional 1,025,000 shares during the period. JPMorgan Chase & Co. grew its position in shares of Silvercorp Metals by 8.6% in the 4th quarter. JPMorgan Chase & Co. now owns 670,916 shares of the company’s stock valued at $2,013,000 after purchasing an additional 52,901 shares during the period. Swiss National Bank grew its position in shares of Silvercorp Metals by 5.6% in the 4th quarter. Swiss National Bank now owns 428,500 shares of the company’s stock valued at $1,287,000 after purchasing an additional 22,800 shares during the period. Franklin Resources Inc. acquired a new position in shares of Silvercorp Metals in the 3rd quarter valued at approximately $860,000. Finally, Legal & General Group Plc grew its position in shares of Silvercorp Metals by 3.0% in the 4th quarter. Legal & General Group Plc now owns 195,613 shares of the company’s stock valued at $588,000 after purchasing an additional 5,765 shares during the period. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Trading Up 1.9%

NYSEAMERICAN:SVM opened at $3.69 on Wednesday. Silvercorp Metals Inc. has a twelve month low of $2.87 and a twelve month high of $5.32. The company has a quick ratio of 4.35, a current ratio of 4.61 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $3.78 and a two-hundred day moving average price of $3.70. The company has a market cap of $803.39 million, a P/E ratio of 10.25 and a beta of 1.20.

Silvercorp Metals 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.