Cambridge Investment Research Advisors Inc. Makes New Investment in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Cambridge Investment Research Advisors Inc. acquired a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 43,822 shares of the company’s stock, valued at approximately $170,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Silvercorp Metals in the fourth quarter worth about $103,000. Swiss National Bank increased its stake in Silvercorp Metals by 5.6% during the 4th quarter. Swiss National Bank now owns 428,500 shares of the company’s stock worth $1,287,000 after purchasing an additional 22,800 shares in the last quarter. Quantbot Technologies LP raised its holdings in Silvercorp Metals by 17.4% during the 4th quarter. Quantbot Technologies LP now owns 183,293 shares of the company’s stock worth $550,000 after buying an additional 27,209 shares during the period. LPL Financial LLC raised its holdings in Silvercorp Metals by 23.7% during the 4th quarter. LPL Financial LLC now owns 115,251 shares of the company’s stock worth $346,000 after buying an additional 22,079 shares during the period. Finally, Prudential Financial Inc. bought a new position in Silvercorp Metals in the fourth quarter valued at approximately $46,000. Institutional investors own 22.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Capital reissued a “buy” rating and issued a $6.75 target price (up previously from $6.25) on shares of Silvercorp Metals in a research report on Tuesday, July 1st.

Silvercorp Metals Stock Down 0.8%

SVM stock opened at $5.08 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 5.05 and a quick ratio of 4.95. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 16.93 and a beta of 1.01. The business’s fifty day moving average price is $4.12 and its two-hundred day moving average price is $3.67. Silvercorp Metals Inc. has a fifty-two week low of $2.87 and a fifty-two week high of $5.32.

Silvercorp Metals Announces Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, June 26th. Shareholders of record on Friday, June 6th were paid a dividend of $0.0125 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a yield of 0.6%. Silvercorp Metals’s payout ratio is 8.33%.

About Silvercorp Metals

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.