MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 5.6% in the 4th quarter, Holdings Channel reports. The firm owned 4,921,616 shares of the company’s stock after acquiring an additional 261,669 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Silvercorp Metals were worth $14,783,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SVM. Renaissance Technologies LLC lifted its position in Silvercorp Metals by 21.6% during the fourth 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. Marshall Wace LLP bought a new stake in Silvercorp Metals in the 4th quarter worth approximately $2,788,000. Bank of America Corp DE raised its stake in Silvercorp Metals by 206.4% during the 4th quarter. Bank of America Corp DE now owns 1,258,083 shares of the company’s stock valued at $3,774,000 after buying an additional 847,547 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Silvercorp Metals during the 4th quarter valued at $895,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Silvercorp Metals by 75.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 618,015 shares of the company’s stock valued at $2,701,000 after buying an additional 265,387 shares during the period. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Stock Performance

SVM stock opened at $3.60 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.61 and a quick ratio of 4.35. Silvercorp Metals Inc. has a 1 year low of $2.87 and a 1 year high of $5.32. The company has a market cap of $783.79 million, a P/E ratio of 10.00 and a beta of 1.20. The stock’s fifty day moving average price is $3.78 and its 200-day moving average price is $3.70.

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.