Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 1.7% during the 1st quarter, according to its most recent filing 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 2.34% of Silvercorp Metals worth $19,620,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of SVM. Raymond James Financial Inc. purchased a new position in shares of Silvercorp Metals during the 4th quarter worth about $103,000. LPL Financial LLC raised its holdings in Silvercorp Metals by 23.7% in the fourth quarter. LPL Financial LLC now owns 115,251 shares of the company's stock valued at $346,000 after buying an additional 22,079 shares during the period. Prudential Financial Inc. purchased a new position in Silvercorp Metals in the fourth quarter valued at approximately $46,000. JPMorgan Chase & Co. grew its position in Silvercorp Metals by 8.6% in the fourth quarter. JPMorgan Chase & Co. now owns 670,916 shares of the company's stock valued at $2,013,000 after acquiring an additional 52,901 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its position in 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 acquiring an additional 3,266 shares in the last quarter. 22.30% of the stock is owned by institutional investors and hedge funds.
Silvercorp Metals Price Performance
Silvercorp Metals stock traded up $0.01 on Tuesday, reaching $4.44. The company's stock had a trading volume of 288,538 shares, compared to its average volume of 5,920,111. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.95 and a current ratio of 5.05. The company has a market cap of $967.76 million, a price-to-earnings ratio of 17.06 and a beta of 0.92. The business's fifty day moving average price is $4.49 and its 200 day moving average price is $3.86. Silvercorp Metals Inc. has a twelve month low of $2.87 and a twelve month high of $5.32.
Silvercorp Metals Announces Dividend
The company also recently announced a semi-annual dividend, which was paid on Thursday, June 26th. Investors of record on Friday, June 6th were given a $0.0125 dividend. This represents a yield of 60.0%. The ex-dividend date of this dividend was Friday, June 6th. Silvercorp Metals's dividend payout ratio (DPR) is currently 8.33%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on SVM shares. Raymond James Financial reissued an "outperform" rating on shares of Silvercorp Metals in a research report on Thursday. Roth Capital reiterated a "buy" rating and issued a $6.75 target price (up from $6.25) on shares of Silvercorp Metals in a research note on Tuesday, July 1st.
Check Out Our Latest Report on Silvercorp Metals
Silvercorp Metals Profile
(
Free Report)
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.
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