TD Asset Management Inc Buys 31,374 Shares of Silvercorp Metals Inc. $SVM

TD Asset Management Inc grew its stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 13.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,708 shares of the company’s stock after buying an additional 31,374 shares during the quarter. TD Asset Management Inc’s holdings in Silvercorp Metals were worth $1,098,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new stake in shares of Silvercorp Metals during the 1st quarter valued at $39,000. Baader Bank Aktiengesellschaft purchased a new stake in Silvercorp Metals in the 1st quarter worth $46,000. Ballentine Partners LLC purchased a new position in shares of Silvercorp Metals in the second quarter valued at about $50,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Silvercorp Metals in the first quarter valued at about $72,000. Finally, Harbour Investments Inc. boosted its stake in shares of Silvercorp Metals by 5,094.3% in the first quarter. Harbour Investments Inc. now owns 21,141 shares of the company’s stock worth $82,000 after acquiring an additional 20,734 shares during the period. 22.30% of the stock is owned by hedge funds and other institutional investors.

Silvercorp Metals Price Performance

Shares of Silvercorp Metals stock opened at $6.36 on Thursday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 24.46 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.50 and a current ratio of 4.61. The stock has a 50 day moving average price of $5.68 and a 200-day moving average price of $4.67. Silvercorp Metals Inc. has a one year low of $2.87 and a one year high of $7.78.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SVM shares. Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a research note on Thursday, September 25th. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a report on Friday, October 10th. Cantor Fitzgerald set a $7.50 target price on shares of Silvercorp Metals and gave the company an “overweight” rating in a research note on Monday, September 22nd. Roth Capital set a $8.25 price target on shares of Silvercorp Metals and gave the company a “buy” rating in a report on Friday, October 3rd. Finally, Zacks Research downgraded shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 27th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $7.88.

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.