Swiss National Bank Increases Stock Holdings in Silvercorp Metals Inc (NYSEAMERICAN:SVM)
Swiss National Bank grew its position in Silvercorp Metals Inc (NYSEAMERICAN:SVM) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 317,900 shares of the company’s stock after buying an additional 10,400 shares during the quarter. Swiss National Bank owned 0.19% of Silvercorp Metals worth $786,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in SVM. Mercer Global Advisors Inc. ADV purchased a new stake in Silvercorp Metals during the 1st quarter worth about $56,000. Geode Capital Management LLC boosted its stake in Silvercorp Metals by 172.8% in the 4th quarter. Geode Capital Management LLC now owns 28,101 shares of the company’s stock worth $58,000 after buying an additional 17,800 shares during the last quarter. National Asset Management Inc. boosted its stake in Silvercorp Metals by 20.7% in the 1st quarter. National Asset Management Inc. now owns 28,524 shares of the company’s stock worth $73,000 after buying an additional 4,896 shares during the last quarter. Millennium Management LLC boosted its stake in Silvercorp Metals by 166.1% in the 4th quarter. Millennium Management LLC now owns 66,246 shares of the company’s stock worth $139,000 after buying an additional 41,354 shares during the last quarter. Finally, Aperio Group LLC boosted its stake in Silvercorp Metals by 33.1% in the 2nd quarter. Aperio Group LLC now owns 79,193 shares of the company’s stock worth $195,000 after buying an additional 19,695 shares during the last quarter.
NYSEAMERICAN:SVM traded down $0.02 during midday trading on Friday, reaching $4.14. 78,518 shares of the company traded hands, compared to its average volume of 581,099. Silvercorp Metals Inc has a twelve month low of $1.83 and a twelve month high of $4.66.
Several equities analysts have recently weighed in on the company. TheStreet raised Silvercorp Metals from a “c+” rating to a “b-” rating in a research note on Tuesday, July 16th. BMO Capital Markets lowered Silvercorp Metals from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Zacks Investment Research upgraded Silvercorp Metals from a “hold” rating to a “strong-buy” rating and set a $5.00 target price on the stock in a report on Saturday, September 7th.
About Silvercorp Metals
Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of precious and base metal mineral properties in China. Its flagship project is the Ying silver-lead-zinc project located in the Ying Mining District in Henan Province, China. The company was formerly known as SKN Resources Ltd.
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