Franklin Resources Inc. Makes New Investment in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Franklin Resources Inc. bought a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 196,866 shares of the company’s stock, valued at approximately $860,000. Franklin Resources Inc. owned approximately 0.09% of Silvercorp Metals as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its position in shares of Silvercorp Metals by 563.7% in the 3rd 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 in the last quarter. Capital Performance Advisors LLP acquired a new stake in Silvercorp Metals in the third quarter valued at approximately $32,000. International Assets Investment Management LLC bought a new position in shares of Silvercorp Metals in the 3rd quarter valued at $46,000. Zacks Investment Management acquired a new stake in shares of Silvercorp Metals during the 3rd quarter valued at $46,000. Finally, Toronto Dominion Bank grew its position in Silvercorp Metals by 56.3% during the 2nd quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock worth $51,000 after acquiring an additional 5,435 shares during the last quarter. Institutional investors own 22.30% of the company’s stock.

Silvercorp Metals Trading Down 2.0 %

Shares of NYSEAMERICAN:SVM opened at $3.00 on Monday. Silvercorp Metals Inc. has a 52 week low of $2.22 and a 52 week high of $5.32. The firm has a market cap of $652.68 million, a PE ratio of 10.00 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Silvercorp Metals had a net margin of 23.07% and a return on equity of 8.12%. The firm had revenue of $68.00 million for the quarter, compared to the consensus estimate of $67.90 million. Equities 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 declared a semi-annual dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.0125 per share. This represents a yield of 0.6%. The ex-dividend date of this dividend was Friday, November 29th. Silvercorp Metals’s dividend payout ratio (DPR) is currently 10.00%.

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.