Millennium Management LLC Buys 556,594 Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Millennium Management LLC grew its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 40.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,948,174 shares of the company's stock after acquiring an additional 556,594 shares during the quarter. Millennium Management LLC owned 0.89% of Silvercorp Metals worth $5,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Pictet Asset Management Holding SA raised its stake in shares of Silvercorp Metals by 9.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 36,327 shares of the company's stock valued at $109,000 after purchasing an additional 3,266 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Silvercorp Metals by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 104,899 shares of the company's stock valued at $315,000 after purchasing an additional 4,104 shares in the last quarter. Aigen Investment Management LP raised its stake in shares of Silvercorp Metals by 21.4% in the fourth quarter. Aigen Investment Management LP now owns 31,635 shares of the company's stock valued at $95,000 after purchasing an additional 5,579 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Silvercorp Metals by 3.0% in the fourth quarter. Legal & General Group Plc now owns 195,613 shares of the company's stock valued at $588,000 after purchasing an additional 5,765 shares in the last quarter. Finally, Tradition Wealth Management LLC acquired a new position in Silvercorp Metals during the fourth quarter worth $46,000. 22.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Silvercorp Metals Trading Up 0.5%

SVM traded up $0.02 during midday trading on Friday, reaching $3.88. 5,882,727 shares of the company were exchanged, compared to its average volume of 3,934,279. 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 Inc. has a one year low of $2.87 and a one year high of $5.32. The stock has a market capitalization of $844.75 million, a P/E ratio of 10.78 and a beta of 1.20. The stock's 50-day simple moving average is $3.72 and its 200 day simple moving average is $3.71.

Silvercorp Metals Announces Dividend

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

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.