Van ECK Associates Corp Boosts Stock Holdings in Silvercorp Metals Inc. (NYSEAMERICAN:SVM)

Van ECK Associates Corp grew its stake in Silvercorp Metals Inc. (NYSEAMERICAN:SVMGet Rating) by 0.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,741,602 shares of the company’s stock after purchasing an additional 40,991 shares during the period. Van ECK Associates Corp owned approximately 10.58% of Silvercorp Metals worth $67,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Renaissance Technologies LLC grew its position in shares of Silvercorp Metals by 3.2% in the fourth quarter. Renaissance Technologies LLC now owns 4,734,731 shares of the company’s stock valued at $17,796,000 after purchasing an additional 146,982 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Silvercorp Metals by 4.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,825,782 shares of the company’s stock valued at $13,967,000 after purchasing an additional 163,609 shares in the last quarter. U S Global Investors Inc. grew its position in shares of Silvercorp Metals by 198.9% in the first quarter. U S Global Investors Inc. now owns 1,052,041 shares of the company’s stock valued at $3,808,000 after purchasing an additional 700,041 shares in the last quarter. Swiss National Bank lifted its holdings in Silvercorp Metals by 8.3% in the first quarter. Swiss National Bank now owns 420,200 shares of the company’s stock valued at $1,531,000 after acquiring an additional 32,300 shares during the last quarter. Finally, CoreCommodity Management LLC lifted its holdings in Silvercorp Metals by 50.4% in the fourth quarter. CoreCommodity Management LLC now owns 359,047 shares of the company’s stock valued at $1,350,000 after acquiring an additional 120,335 shares during the last quarter. 29.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, BMO Capital Markets initiated coverage on Silvercorp Metals in a report on Monday, May 30th. They issued a “hold” rating and a $6.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.50.

Silvercorp Metals Stock Performance

NYSEAMERICAN:SVM opened at $2.69 on Tuesday. Silvercorp Metals Inc. has a 52 week low of $2.21 and a 52 week high of $4.76. The firm has a market cap of $476.10 million, a price-to-earnings ratio of 9.71 and a beta of 0.95.

Silvercorp Metals (NYSEAMERICAN:SVMGet Rating) last posted its quarterly earnings data on Thursday, May 26th. The company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Silvercorp Metals had a return on equity of 8.17% and a net margin of 12.84%. The business had revenue of $41.59 million for the quarter, compared to analyst estimates of $43.05 million. As a group, analysts anticipate that Silvercorp Metals Inc. will post 0.17 EPS for the current fiscal year.

Silvercorp Metals Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Friday, June 24th. Investors of record on Monday, June 6th were issued a $0.0125 dividend. This represents a yield of 0.9%. The ex-dividend date was Friday, June 3rd. Silvercorp Metals’s dividend payout ratio (DPR) is presently 18.75%.

About Silvercorp Metals

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Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China and Mexico. The company primarily explores for silver, gold, lead, and zinc metals. It holds interests in the Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; Kuanping project located in Sanmenxia City, Shanzhou District, Henan Province, China; and La Yesca project located in northwest of Guadalajara, Mexico.

See Also

Institutional Ownership by Quarter for Silvercorp Metals (NYSEAMERICAN:SVM)

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