Geode Capital Management LLC Boosts Holdings in Silvercorp Metals Inc (SVM)

Geode Capital Management LLC boosted its position in Silvercorp Metals Inc (NYSEAMERICAN:SVM) by 172.8% in the fourth quarter, HoldingsChannel reports. The firm owned 28,101 shares of the company’s stock after buying an additional 17,800 shares during the quarter. Geode Capital Management LLC’s holdings in Silvercorp Metals were worth $58,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SVM. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Silvercorp Metals by 47.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 289,426 shares of the company’s stock valued at $604,000 after acquiring an additional 93,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Silvercorp Metals during the fourth quarter valued at $5,944,000. BlackRock Inc. bought a new position in shares of Silvercorp Metals during the fourth quarter valued at $101,000. Toronto Dominion Bank increased its holdings in shares of Silvercorp Metals by 380.9% during the fourth quarter. Toronto Dominion Bank now owns 106,607 shares of the company’s stock valued at $223,000 after acquiring an additional 84,441 shares in the last quarter. Finally, ETF Managers Group LLC increased its holdings in shares of Silvercorp Metals by 8.8% during the fourth quarter. ETF Managers Group LLC now owns 792,224 shares of the company’s stock valued at $1,654,000 after acquiring an additional 64,113 shares in the last quarter.

Shares of NYSEAMERICAN:SVM opened at $2.16 on Friday. Silvercorp Metals Inc has a 1-year low of $1.83 and a 1-year high of $3.12.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings results on Thursday, February 14th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $42.35 million for the quarter, compared to the consensus estimate of $43.60 million.

Separately, Zacks Investment Research downgraded Silvercorp Metals from a “buy” rating to a “hold” rating in a report on Thursday.

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Silvercorp Metals Profile

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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Institutional Ownership by Quarter for Silvercorp Metals (NYSEAMERICAN:SVM)

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