Van ECK Associates Corp Has $51.54 Million Position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Van ECK Associates Corp reduced its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 22.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,178,405 shares of the company’s stock after selling 4,932,376 shares during the quarter. Van ECK Associates Corp owned about 0.08% of Silvercorp Metals worth $51,535,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Stonehage Fleming Financial Services Holdings Ltd grew its position in shares of Silvercorp Metals by 79.6% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 81,730 shares of the company’s stock worth $245,000 after buying an additional 36,230 shares during the period. JPMorgan Chase & Co. grew its position in shares of Silvercorp Metals by 75.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 618,015 shares of the company’s stock valued at $2,701,000 after purchasing an additional 265,387 shares during the period. DGS Capital Management LLC grew its position in shares of Silvercorp Metals by 123.2% in the 3rd quarter. DGS Capital Management LLC now owns 38,980 shares of the company’s stock valued at $170,000 after purchasing an additional 21,514 shares during the period. Franklin Resources Inc. acquired a new position in shares of Silvercorp Metals in the 3rd quarter valued at approximately $860,000. Finally, Tidal Investments LLC grew its position in shares of Silvercorp Metals by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 6,412,871 shares of the company’s stock valued at $28,024,000 after purchasing an additional 133,231 shares during the period. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Silvercorp Metals Price Performance

Shares of SVM opened at $3.54 on Friday. Silvercorp Metals Inc. has a 52-week low of $2.24 and a 52-week high of $5.32. The company has a market capitalization of $770.73 million, a P/E ratio of 11.80 and a beta of 1.20.

Silvercorp Metals Company 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.