Toronto Dominion Bank Acquires New Stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Toronto Dominion Bank bought a new stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 83,203 shares of the company's stock, valued at approximately $250,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of Silvercorp Metals by 21.6% in the 4th quarter. Renaissance Technologies LLC now owns 5,778,796 shares of the company's stock valued at $17,336,000 after acquiring an additional 1,025,000 shares during the last quarter. Marshall Wace LLP acquired a new position in Silvercorp Metals in the fourth quarter valued at approximately $2,788,000. Bank of America Corp DE increased its stake in Silvercorp Metals by 206.4% in the fourth quarter. Bank of America Corp DE now owns 1,258,083 shares of the company's stock valued at $3,774,000 after purchasing an additional 847,547 shares during the last quarter. Millennium Management LLC raised its holdings in Silvercorp Metals by 40.0% during the fourth quarter. Millennium Management LLC now owns 1,948,174 shares of the company's stock worth $5,850,000 after purchasing an additional 556,594 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in Silvercorp Metals during the fourth quarter worth approximately $895,000. Hedge funds and other institutional investors own 22.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, Roth Capital reissued a "buy" rating and issued a $6.25 price objective (up from $6.00) on shares of Silvercorp Metals in a report on Tuesday.

Silvercorp Metals Price Performance

Shares of SVM traded down $0.03 during mid-day trading on Friday, hitting $3.84. The company's stock had a trading volume of 1,348,565 shares, compared to its average volume of 3,898,584. The company has a current ratio of 4.61, a quick ratio of 4.35 and a debt-to-equity ratio of 0.13. Silvercorp Metals Inc. has a 1-year low of $2.87 and a 1-year high of $5.32. The firm has a market capitalization of $834.96 million, a P/E ratio of 10.65 and a beta of 1.20. The firm has a 50-day simple moving average of $3.72 and a 200 day simple moving average of $3.70.

Silvercorp Metals Announces Dividend

The company 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 $0.0125 dividend. This represents a dividend yield of 0.6%. The ex-dividend date is Friday, June 6th. Silvercorp Metals's dividend payout ratio is currently 8.33%.

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.