Bank of America Corp DE Boosts Holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Bank of America Corp DE raised its position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 206.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,258,083 shares of the company's stock after buying an additional 847,547 shares during the period. Bank of America Corp DE owned about 0.58% of Silvercorp Metals worth $3,774,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Tradition Wealth Management LLC purchased a new position in Silvercorp Metals during the 4th quarter valued at about $46,000. Prudential Financial Inc. bought a new stake in Silvercorp Metals during the 4th quarter valued at about $46,000. Oxford Asset Management LLP bought a new stake in Silvercorp Metals during the 4th quarter valued at about $54,000. Atria Wealth Solutions Inc. bought a new stake in Silvercorp Metals during the 4th quarter valued at about $62,000. Finally, Tudor Investment Corp ET AL bought a new stake in Silvercorp Metals during the 4th quarter valued at about $63,000. Hedge funds and other institutional investors own 22.30% of the company's stock.

Silvercorp Metals Stock Performance

Shares of SVM stock traded down $0.02 during trading hours on Tuesday, reaching $4.14. The company had a trading volume of 6,216,224 shares, compared to its average volume of 3,974,031. The business has a fifty day moving average price of $3.72 and a 200-day moving average price of $3.71. Silvercorp Metals Inc. has a one year low of $2.87 and a one year high of $5.32. The firm has a market cap of $901.36 million, a PE ratio of 11.50 and a beta of 1.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.35 and a current ratio of 4.61.

Silvercorp Metals Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, June 26th. Stockholders of record on Friday, June 6th will be paid a $0.0125 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a dividend yield of 0.6%. Silvercorp Metals's dividend payout ratio is presently 8.33%.

Analysts Set New Price Targets

Separately, Roth Capital reiterated a "buy" rating and issued a $6.25 price target (up from $6.00) on shares of Silvercorp Metals in a research note on Tuesday, May 27th.

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.