BNP Paribas Financial Markets raised its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM – Free Report) by 1,289.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,817 shares of the company’s stock after purchasing an additional 38,808 shares during the period. BNP Paribas Financial Markets’ holdings in Silvercorp Metals were worth $183,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in SVM. Van ECK Associates Corp raised its holdings in shares of Silvercorp Metals by 153.8% during the third 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Silvercorp Metals by 2.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,366,682 shares of the company’s stock worth $23,369,000 after buying an additional 115,300 shares during the period. Renaissance Technologies LLC grew its position in shares of Silvercorp Metals by 2.4% during the second quarter. Renaissance Technologies LLC now owns 4,636,096 shares of the company’s stock worth $15,577,000 after buying an additional 110,200 shares in the last quarter. Acadian Asset Management LLC raised its stake in Silvercorp Metals by 1,218.7% in the second quarter. Acadian Asset Management LLC now owns 1,354,921 shares of the company’s stock valued at $4,520,000 after buying an additional 1,252,174 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Silvercorp Metals by 0.8% in the second quarter. American Century Companies Inc. now owns 1,125,635 shares of the company’s stock valued at $3,768,000 after purchasing an additional 9,300 shares during the last quarter. Institutional investors and hedge funds own 22.30% of the company’s stock.
Silvercorp Metals Trading Up 1.2 %
SVM opened at $3.06 on Wednesday. The stock has a market cap of $664.65 million, a P/E ratio of 10.18 and a beta of 1.20. Silvercorp Metals Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $5.32.
Silvercorp Metals Cuts Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.0125 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a yield of 0.6%. Silvercorp Metals’s dividend payout ratio is presently 10.00%.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm lowered their target price on shares of Silvercorp Metals from $6.00 to $5.10 and set a “buy” rating on the stock in a report on Wednesday, August 21st.
View Our Latest Report on Silvercorp Metals
About Silvercorp Metals
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.
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