Sprott Inc. Has $5.23 Million Holdings in Silvercorp Metals Inc. $SVM

Key Points

• Sprott Inc. increased its stake in Silvercorp Metals by 39.1%, owning approximately 0.62% of the company, worth about $5.23 million, as of the most recent SEC filing.
• Silvercorp Metals announced a semi-annual dividend of $0.0125 per share, resulting in a impressive dividend yield of 60.0%.
• Analysts have a positive outlook on the stock, with an average rating of "Buy" and a target price increase to $6.75 from previous estimates.

Sprott Inc. grew its holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 39.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,354,657 shares of the company's stock after purchasing an additional 380,946 shares during the period. Sprott Inc. owned approximately 0.62% of Silvercorp Metals worth $5,230,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. First Heartland Consultants Inc. purchased a new stake in shares of Silvercorp Metals in the fourth quarter valued at $30,000. PNC Financial Services Group Inc. purchased a new stake in shares of Silvercorp Metals in the first quarter valued at $39,000. Welch Group LLC purchased a new stake in shares of Silvercorp Metals in the first quarter valued at $44,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Silvercorp Metals in the first quarter valued at $46,000. Finally, Oxford Asset Management LLP purchased a new stake in shares of Silvercorp Metals in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 22.30% of the company's stock.

Silvercorp Metals Stock Down 0.8%

NYSEAMERICAN SVM traded down $0.04 during trading on Wednesday, hitting $4.63. 2,156,671 shares of the company traded hands, compared to its average volume of 5,813,022. Silvercorp Metals Inc. has a 12 month low of $2.87 and a 12 month high of $5.32. The business has a fifty day simple moving average of $4.54 and a 200 day simple moving average of $3.99. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $1.01 billion, a P/E ratio of 17.79 and a beta of 0.92.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SVM shares. Raymond James Financial restated an "outperform" rating on shares of Silvercorp Metals in a report on Thursday, August 7th. Roth Capital reiterated a "buy" rating and set a $6.75 price target (up from $6.25) on shares of Silvercorp Metals in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $6.75.

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.