Geode Capital Management LLC Acquires 10,085 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Geode Capital Management LLC raised its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 11.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,795 shares of the company’s stock after acquiring an additional 10,085 shares during the period. Geode Capital Management LLC’s holdings in Silvercorp Metals were worth $439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SVM. Van ECK Associates Corp boosted its holdings in shares of Silvercorp Metals by 153.8% during the 3rd quarter. Van ECK Associates Corp now owns 22,110,781 shares of the company’s stock valued at $105,689,000 after acquiring an additional 13,399,851 shares in the last quarter. National Bank of Canada FI raised its position in Silvercorp Metals by 5,059.2% in the third quarter. National Bank of Canada FI now owns 399,835 shares of the company’s stock valued at $1,747,000 after purchasing an additional 392,085 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Silvercorp Metals during the third quarter valued at about $887,000. XTX Topco Ltd grew its holdings in shares of Silvercorp Metals by 1,092.1% during the third quarter. XTX Topco Ltd now owns 216,511 shares of the company’s stock worth $946,000 after purchasing an additional 198,349 shares during the last quarter. Finally, TD Asset Management Inc acquired a new position in shares of Silvercorp Metals in the second quarter valued at approximately $568,000. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Price Performance

Shares of NYSEAMERICAN:SVM opened at $3.02 on Monday. The firm has a market cap of $657.03 million, a P/E ratio of 10.07 and a beta of 1.20. Silvercorp Metals Inc. has a 12-month low of $2.22 and a 12-month high of $5.32.

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

Silvercorp Metals Cuts Dividend

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

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.