Swiss National Bank Lowers Holdings in Silvercorp Metals Inc. $SVM

Swiss National Bank decreased its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,100 shares of the company’s stock after selling 4,400 shares during the period. Swiss National Bank owned approximately 0.19% of Silvercorp Metals worth $1,637,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC raised its holdings in Silvercorp Metals by 17.8% in the fourth quarter. Tidal Investments LLC now owns 7,556,081 shares of the company’s stock worth $22,668,000 after buying an additional 1,143,210 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Silvercorp Metals during the fourth quarter valued at approximately $2,788,000. Bank of America Corp DE increased its position in shares of Silvercorp Metals by 206.4% during the fourth quarter. Bank of America Corp DE now owns 1,258,083 shares of the company’s stock valued at $3,774,000 after acquiring an additional 847,547 shares in the last quarter. Two Sigma Investments LP raised its holdings in Silvercorp Metals by 37.4% in the 4th quarter. Two Sigma Investments LP now owns 2,444,427 shares of the company’s stock worth $7,333,000 after acquiring an additional 664,806 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Silvercorp Metals by 40.0% in the 4th quarter. Millennium Management LLC now owns 1,948,174 shares of the company’s stock valued at $5,850,000 after acquiring an additional 556,594 shares in the last quarter. 22.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Raymond James Financial reissued an “outperform” rating on shares of Silvercorp Metals in a report on Thursday, August 7th. Roth Capital reiterated a “buy” rating and issued a $6.75 price objective (up from $6.25) on shares of Silvercorp Metals in a report on Tuesday, July 1st. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $6.75.

Silvercorp Metals Stock Up 2.5%

Shares of NYSEAMERICAN SVM opened at $4.58 on Monday. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. Silvercorp Metals Inc. has a 12-month low of $2.87 and a 12-month high of $5.32. The firm’s 50-day moving average price is $4.54 and its 200-day moving average price is $3.97. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 17.62 and a beta of 0.92.

Silvercorp Metals Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, June 26th. Shareholders of record on Friday, June 6th were given a dividend of $0.0125 per share. The ex-dividend date was Friday, June 6th. This represents a yield of 60.0%. Silvercorp Metals’s dividend payout ratio is 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.