XTX Topco Ltd Has $223,000 Stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

XTX Topco Ltd lifted its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 241.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 57,667 shares of the company’s stock after buying an additional 40,798 shares during the quarter. XTX Topco Ltd’s holdings in Silvercorp Metals were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Tidal Investments LLC raised its stake in shares of Silvercorp Metals by 17.8% during the 4th quarter. Tidal Investments LLC now owns 7,556,081 shares of the company’s stock worth $22,668,000 after purchasing an additional 1,143,210 shares during the period. Renaissance Technologies LLC raised its stake in shares of Silvercorp Metals by 21.6% during the 4th quarter. Renaissance Technologies LLC now owns 5,778,796 shares of the company’s stock worth $17,336,000 after purchasing an additional 1,025,000 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Silvercorp Metals by 5.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,921,616 shares of the company’s stock worth $14,783,000 after purchasing an additional 261,669 shares during the period. Two Sigma Investments LP raised its stake in shares of Silvercorp Metals by 37.4% during the 4th quarter. Two Sigma Investments LP now owns 2,444,427 shares of the company’s stock worth $7,333,000 after purchasing an additional 664,806 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Silvercorp Metals by 40.0% during the 4th quarter. Millennium Management LLC now owns 1,948,174 shares of the company’s stock worth $5,850,000 after purchasing an additional 556,594 shares during the period. Institutional investors and hedge funds own 22.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Silvercorp Metals in a report on Thursday, August 7th. Roth Capital reaffirmed a “buy” rating and set a $6.75 target price (up previously from $6.25) on shares of Silvercorp Metals in a report on Tuesday, July 1st.

Silvercorp Metals Trading Up 2.0%

Shares of NYSEAMERICAN SVM opened at $4.52 on Wednesday. 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 $987.80 million, a P/E ratio of 17.39 and a beta of 0.92. Silvercorp Metals Inc. has a 1-year low of $2.87 and a 1-year high of $5.32. The business has a fifty day moving average price of $4.50 and a 200 day moving average price of $3.87.

Silvercorp Metals Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, June 26th. Stockholders of record on Friday, June 6th were issued a $0.0125 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a dividend yield of 60.0%. Silvercorp Metals’s dividend payout ratio is currently 8.33%.

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.