UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,712 shares of the company’s stock after selling 14,428 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Silvercorp Metals worth $1,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SVM. Blue Trust Inc. boosted its stake in Silvercorp Metals by 563.7% during the third quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock valued at $29,000 after buying an additional 5,626 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Silvercorp Metals during the 3rd quarter valued at approximately $32,000. First Heartland Consultants Inc. bought a new position in shares of Silvercorp Metals during the 2nd quarter valued at approximately $34,000. International Assets Investment Management LLC purchased a new position in shares of Silvercorp Metals in the third quarter valued at $46,000. Finally, Toronto Dominion Bank increased its position in Silvercorp Metals by 56.3% in the second quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock worth $51,000 after purchasing an additional 5,435 shares during the last quarter. Institutional investors own 22.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm dropped their price objective on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating for the company in a research note on Wednesday, August 21st.

Silvercorp Metals Stock Up 1.2 %

SVM opened at $3.06 on Wednesday. Silvercorp Metals Inc. has a 12 month low of $2.22 and a 12 month high of $5.32. The stock has a market capitalization of $664.65 million, a P/E ratio of 10.18 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM) last announced its earnings results on Thursday, November 7th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Silvercorp Metals had a return on equity of 8.12% and a net margin of 23.07%. The firm had revenue of $68.00 million during the quarter, compared to analysts’ expectations of $67.90 million. Analysts anticipate that Silvercorp Metals Inc. will post 0.34 earnings per share for the current year.

Silvercorp Metals Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.0125 per share. This represents a yield of 0.6%. The ex-dividend date was Friday, November 29th. Silvercorp Metals’s dividend payout ratio (DPR) is 10.00%.

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.