Y Intercept Hong Kong Ltd Purchases Shares of 69,317 Silvercorp Metals Inc. $SVM

Y Intercept Hong Kong Ltd acquired a new position in shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 69,317 shares of the company’s stock, valued at approximately $438,000.

A number of other hedge funds have also recently made changes to their positions in SVM. Vontobel Holding Ltd. increased its holdings in Silvercorp Metals by 84.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 368,567 shares of the company’s stock worth $2,325,000 after purchasing an additional 168,567 shares in the last quarter. U S Global Investors Inc. lifted its holdings in shares of Silvercorp Metals by 277.1% in the second quarter. U S Global Investors Inc. now owns 1,206,666 shares of the company’s stock valued at $5,092,000 after purchasing an additional 886,666 shares in the last quarter. Eschler Asset Management LLP purchased a new position in shares of Silvercorp Metals during the second quarter valued at approximately $1,006,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Silvercorp Metals during the second quarter valued at approximately $408,000. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. grew its holdings in Silvercorp Metals by 182.7% during the third quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 132,000 shares of the company’s stock worth $833,000 after buying an additional 85,300 shares in the last quarter. 22.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on SVM shares. Raymond James Financial restated an “outperform” rating on shares of Silvercorp Metals in a research note on Wednesday, January 14th. Roth Mkm set a $11.50 target price on shares of Silvercorp Metals in a report on Wednesday, January 21st. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Silvercorp Metals in a research report on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Silvercorp Metals currently has an average rating of “Moderate Buy” and a consensus price target of $9.50.

Silvercorp Metals Stock Performance

Shares of Silvercorp Metals stock opened at $10.62 on Thursday. The business’s fifty day simple moving average is $9.45 and its 200 day simple moving average is $7.01. The company has a current ratio of 4.59, a quick ratio of 4.50 and a debt-to-equity ratio of 0.13. Silvercorp Metals Inc. has a 12 month low of $3.15 and a 12 month high of $14.00. The firm has a market capitalization of $2.34 billion, a P/E ratio of 88.51 and a beta of 0.97.

Silvercorp Metals Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a $0.0125 dividend. This represents a dividend yield of 32.0%. The ex-dividend date of this dividend was Friday, November 28th. Silvercorp Metals’s payout ratio is 8.33%.

About Silvercorp Metals

Silvercorp Metals Inc is a Canadian-based precious metals company engaged in silver, lead and zinc production. The company’s core operations are located in the provinces of Henan and Guangxi in the People’s Republic of China, where it operates several underground mining and milling facilities. Silvercorp focuses on low‐cost, high‐grade silver projects, producing concentrates that are sold to smelting partners under long‐term offtake arrangements.

The company’s principal assets include the Ying Mining District in Henan Province, which hosts multiple sub‐district mines, and the GC and HPG silver‐lead‐zinc projects in Guangxi Province.