Prudential Financial Inc. Invests $46,000 in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Prudential Financial Inc. bought a new position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the 4th quarter, HoldingsChannel reports. The fund bought 15,200 shares of the company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in Silvercorp Metals by 5,059.2% in the 3rd quarter. National Bank of Canada FI now owns 399,835 shares of the company’s stock worth $1,747,000 after buying an additional 392,085 shares during the period. JPMorgan Chase & Co. boosted its holdings in Silvercorp Metals by 75.3% in the third quarter. JPMorgan Chase & Co. now owns 618,015 shares of the company’s stock valued at $2,701,000 after acquiring an additional 265,387 shares in the last quarter. Franklin Resources Inc. purchased a new position in Silvercorp Metals during the 3rd quarter valued at $860,000. Tidal Investments LLC raised its holdings in Silvercorp Metals by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 6,412,871 shares of the company’s stock worth $28,024,000 after purchasing an additional 133,231 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Silvercorp Metals in the 3rd quarter worth about $441,000. 22.30% of the stock is currently owned by institutional investors.

Silvercorp Metals Stock Performance

Shares of SVM opened at $3.76 on Friday. Silvercorp Metals Inc. has a one year low of $2.87 and a one year high of $5.32. The company has a 50-day simple moving average of $3.65 and a two-hundred day simple moving average of $3.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.35. The firm has a market capitalization of $818.63 million, a PE ratio of 10.44 and a beta of 1.20.

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.