National Bank of Canada FI Purchases 392,085 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

National Bank of Canada FI increased its position in Silvercorp Metals Inc. (NYSEAMERICAN:SVM) by 5,059.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 399,835 shares of the company’s stock after acquiring an additional 392,085 shares during the period. National Bank of Canada FI owned about 0.18% of Silvercorp Metals worth $1,747,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Van ECK Associates Corp raised its holdings in Silvercorp Metals by 153.8% in the 3rd quarter. Van ECK Associates Corp now owns 22,110,781 shares of the company’s stock worth $105,689,000 after purchasing an additional 13,399,851 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 valued at $23,369,000 after buying an additional 115,300 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Silvercorp Metals by 2.4% in the second quarter. Renaissance Technologies LLC now owns 4,636,096 shares of the company’s stock worth $15,577,000 after purchasing an additional 110,200 shares during the period. Acadian Asset Management LLC raised its position in shares of Silvercorp Metals by 1,218.7% during the 2nd quarter. Acadian Asset Management LLC now owns 1,354,921 shares of the company’s stock valued at $4,520,000 after purchasing an additional 1,252,174 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Silvercorp Metals by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 1,125,635 shares of the company’s stock valued at $3,768,000 after buying an additional 9,300 shares in the last quarter. Hedge funds and other institutional investors own 22.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Roth Mkm cut their price target on 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 Performance

NYSEAMERICAN SVM opened at $3.05 on Friday. Silvercorp Metals Inc. has a 12 month low of $2.22 and a 12 month high of $5.32. The company has a market capitalization of $663.56 million, a P/E ratio of 10.17 and a beta of 1.20.

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

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 issued a dividend of $0.0125 per share. This represents a dividend yield of 0.6%. The ex-dividend date was Friday, November 29th. Silvercorp Metals’s dividend payout ratio (DPR) is presently 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.