Silvercorp Metals Inc. (NYSEAMERICAN:SVM) Position Reduced by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its holdings in Silvercorp Metals Inc. by 1.7% during the first quarter, now owning approximately 5 million shares valued at $19.6 million.
• Silvercorp Metals announced a semi-annual dividend of $0.0125 per share, resulting in a dividend yield of 60.0%.
• Research analysts have reissued ratings on Silvercorp Metals, with Roth Capital setting a price target of $6.75, while Raymond James maintains an "outperform" rating.

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,086,282 shares of the company's stock after selling 85,600 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 2.34% of Silvercorp Metals worth $19,620,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First Heartland Consultants Inc. bought a new position in shares of Silvercorp Metals during the fourth quarter worth about $30,000. PNC Financial Services Group Inc. bought a new position in shares of Silvercorp Metals during the first quarter worth about $39,000. Welch Group LLC bought a new position in shares of Silvercorp Metals during the first quarter worth about $44,000. Tradition Wealth Management LLC bought a new position in shares of Silvercorp Metals during the fourth quarter worth about $46,000. Finally, Prudential Financial Inc. bought a new position in Silvercorp Metals in the 4th quarter valued at about $46,000. Institutional investors own 22.30% of the company's stock.

Silvercorp Metals Price Performance

Shares of NYSEAMERICAN:SVM traded down $0.01 during trading hours on Thursday, hitting $4.56. 5,211,231 shares of the company's stock traded hands, compared to its average volume of 4,621,173. Silvercorp Metals Inc. has a 52 week low of $2.87 and a 52 week high of $5.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.95 and a current ratio of 4.61. The company's fifty day simple moving average is $4.51 and its two-hundred day simple moving average is $3.89. The company has a market cap of $996.54 million, a price-to-earnings ratio of 17.54 and a beta of 0.92.

Silvercorp Metals Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, June 26th. Stockholders of record on Friday, June 6th were given a dividend of $0.0125 per share. The ex-dividend date was Friday, June 6th. This represents a dividend yield of 60.0%. Silvercorp Metals's dividend payout ratio (DPR) is 8.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Roth Capital reiterated a "buy" rating and issued a $6.75 target price (up previously from $6.25) on shares of Silvercorp Metals in a research report on Tuesday, July 1st. Raymond James Financial reiterated an "outperform" rating on shares of Silvercorp Metals in a research report on Thursday, August 7th.

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.