Silvercorp Metals Inc. $SVM Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 48.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,862,651 shares of the company’s stock after selling 2,703,264 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.31% of Silvercorp Metals worth $12,133,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SVM. XTX Topco Ltd raised its position in Silvercorp Metals by 241.9% in the first quarter. XTX Topco Ltd now owns 57,667 shares of the company’s stock valued at $223,000 after purchasing an additional 40,798 shares during the period. PNC Financial Services Group Inc. acquired a new stake in shares of Silvercorp Metals in the first quarter valued at $39,000. Blair William & Co. IL purchased a new stake in shares of Silvercorp Metals in the 1st quarter valued at $194,000. Atria Wealth Solutions Inc. lifted its stake in Silvercorp Metals by 143.9% during the 1st quarter. Atria Wealth Solutions Inc. now owns 50,000 shares of the company’s stock worth $194,000 after acquiring an additional 29,500 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in Silvercorp Metals by 8,416.5% during the 1st quarter. Citigroup Inc. now owns 3,573,536 shares of the company’s stock worth $13,780,000 after acquiring an additional 3,531,576 shares in the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on SVM. Roth Capital set a $8.25 price target on shares of Silvercorp Metals and gave the stock a “buy” rating in a research note on Friday, October 3rd. Zacks Research downgraded shares of Silvercorp Metals from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 27th. Raymond James Financial reiterated an “outperform” rating on shares of Silvercorp Metals in a report on Friday, October 10th. Cormark upgraded Silvercorp Metals to a “moderate buy” rating in a research note on Thursday, September 25th. Finally, Cantor Fitzgerald set a $7.50 price target on Silvercorp Metals and gave the company an “overweight” rating in a report on Monday, September 22nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Silvercorp Metals has an average rating of “Moderate Buy” and a consensus price target of $7.88.

Silvercorp Metals Stock Up 4.7%

Shares of NYSEAMERICAN:SVM opened at $8.19 on Wednesday. The company has a current ratio of 4.59, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 68.26 and a beta of 1.00. The stock’s 50-day moving average price is $6.88 and its two-hundred day moving average price is $5.46. Silvercorp Metals Inc. has a 12-month low of $2.87 and a 12-month high of $8.30.

Silvercorp Metals Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be given a dividend of $0.0125 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a dividend yield of 32.0%. Silvercorp Metals’s dividend payout ratio (DPR) is presently 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.