U S Global Investors Inc. Raises Stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

U S Global Investors Inc. boosted its holdings in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM - Free Report) by 28.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 320,000 shares of the company's stock after acquiring an additional 70,000 shares during the quarter. U S Global Investors Inc. owned 0.15% of Silvercorp Metals worth $1,238,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. First Heartland Consultants Inc. bought a new position in Silvercorp Metals in the fourth quarter worth approximately $30,000. Welch Group LLC bought a new position in shares of Silvercorp Metals during the 1st quarter worth $44,000. Prudential Financial Inc. purchased a new position in shares of Silvercorp Metals during the fourth quarter valued at $46,000. Tradition Wealth Management LLC purchased a new position in Silvercorp Metals during the fourth quarter valued at approximately $46,000. Finally, Oxford Asset Management LLP bought a new stake in Silvercorp Metals during the fourth quarter valued at about $54,000. Institutional investors own 22.30% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Roth Capital reissued a "buy" rating and set a $6.75 target price (up previously from $6.25) on shares of Silvercorp Metals in a research report on Tuesday.

Silvercorp Metals Stock Up 6.4%

NYSEAMERICAN:SVM traded up $0.27 during mid-day trading on Tuesday, hitting $4.49. 6,370,156 shares of the company's stock traded hands, compared to its average volume of 4,454,950. The company has a fifty day moving average of $3.94 and a 200 day moving average of $3.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.95 and a current ratio of 5.05. Silvercorp Metals Inc. has a twelve month low of $2.87 and a twelve month high of $5.32. The company has a market capitalization of $978.82 million, a P/E ratio of 14.97 and a beta of 1.01.

Silvercorp Metals Dividend Announcement

The business also recently disclosed 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 dividend yield of 0.6%. The ex-dividend date was Friday, June 6th. Silvercorp Metals's 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.